Today and a few days ago, the price of the SP-500 index broke through many different imaginary lines on the chart. Among them are inclined and horizontal support lines, all sorts of Fibonacci lines, Donchian channels, fractal, price envelope lines, Bollingers, Ganna and other lines, used by superstitious fans of descriptive geometry and other astrologers and numerologists. I no longer began to draw all these lines on the chart., taking pity on the readers, but take my word for it that almost all of them were pierced.
We should also note the breakout of the imaginary moving averages. After analyzing most of them, I came to the conclusion that all imaginary simple moving averages have been broken starting from MA with a period from 2 to 250. And here are imaginary moving averages with periods starting from 260 and further until they are pierced. MA not pierced(260) MA(261), MA(262), MA(263) ……… and so on until MA(500). Further, I no longer began to calculate each moving average manually., Tired. But I suspect that MA(501) and so on until MA(1000) also not pierced yet, which does not allow us to assert the beginning of a new bear market. That's when all the lines break, then there will be no doubts, but for now, Sorry……. :)
