SPX S&P 500 Daily Chart; Megaphone (Expansion) Pattern

Attention people. Settle down. Hand me that megaphone you bot from Five Below, Mira. Now hear this. This is Director Keystone. It is time to shut down the lights and for all of you to exit stage right. It's Closing Time. The megaphone, or expansion, pattern is easy to see, like that wart on your face. There are lots of touches on the top and bottom rails of the megaphone that creates credibility. Each touch of a pattern makes it stronger.

It does not take a rocket scientist to project where price may go next. That 6200-6300 area is nice price support from last summer and the bottom of the megaphone. Last summer is when the golden cross occurred (50-day MA above the 200-day MA) signaling happy bullish times ahead. The death cross looked like destiny at the start of April but the record-setting wild upside orgy changes the game. The 50 and 200 continue higher now in parallel. The 50-day MA will not roll over again until price begins printing below the 50-day MA at 6778.

The big orange circle shows the huge gap that occurred when the big orange head King Donnie Trumpski said the Iran War is Mission Accomplished, the Strait of Hormuz is open for biz, and all is groovy. It was not and the Iran War festers each day with Donnie spending $2 billion a day on military assets halfway around the world while Americans cannot afford to live. King Donnie said he would be No More Mister Nice Guy, but, as usual, he balks, and now says a ceasefire will continue indefinitely.

Donnie does not care about the cost of the Iran War, that he solely started, because he is a real-estate guy that worships debt, like his two dolts negotiating with other countries that Witkoff dude and creepy Jared. Kushner receives checks for millions of dollars in real estate contracts from each country he holds foreign talks. No one cares. It is the corrupt crony capitalism system in its last throes. Trumpski is spending your money on the war for the waterways of Muz, the new Nam. Under Donnie, America, once the shining city on the hill, has now become that shining predator nation on the hill.

Watch your wallets and handbags. Plan accordingly. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.