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Using "Big Picture" Analysis to Guide Trading Decisions - Brent Penfold
Better System Trader
The 10 Year Support Resistance Level
Here's a market. Is this the S? Yeah. This is the S&P 500 and this is the reason why I wrote the document because the timing was just like it's a heads up everyone that just had to share it where you can see when the market broke that, what was resistance that becomes support,. Right up to the very top here, right there with resistance. And I just rejected it. The levels almost like, you know, fingerprints of the gods, right? That's a 10 year projected support resistance level. Wow. You don't know anyone who looks at 10 year support and resistance levels. The big hedge fund's got guys do.
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