S&P 500 IndexShort
[SPX] Reaching the END of Today's Flat RW... Where to NEXT?
Updated
Haven't ever noticed a RW this flat on SPX, very interesting Price Action.
Power Hour should be interesting today as this structure concludes right around starting time.
Bulls need a big upward break to 1W ATH close.
Bears would love to see the bottom drop out.
Decision time!
Power Hour should be interesting today as this structure concludes right around starting time.
Bulls need a big upward break to 1W ATH close.
Bears would love to see the bottom drop out.
Decision time!
Note
The 1.5Y Peak Channel top fractal bisects this structure nearly perfectly too. This is the strongest fractal on the map right now so makes sense.Note
Goin for the upward breakout!Note
Climbin strong...Note
Still goin but reaching possible inflection point...Note
Solid reversal fractal taking shape and momentum dying...Note
Looks more like consolidation here for a bigger move up...Note
SPX retesting RW after failed breakout...Note
Things started turning...Note
Lots of indecision right now but should break more decisively by EOD...Note
Losin its mojo...Note
Not lookin great...Note
Sitting at bottom of RW tip!Note
Upward reversal fractal taking shape...Note
Getting busted...Note
Melt down?Note
Lookin like it but that fractal providing some support...Note
Bullish breakout!Note
Confirm that the fractal held support for possible next upwave...Note
upwave lookin great...Note
New overlapping RW structure taking shape...Note
Upwave still lookin great...Note
Reversal fractal trying to take shape but momentum still pretty strong...Note
It's goin for 1W ATH close!Note
Another upwave possibly chasing that SPX action...Note
Oh yea, crushed it...Note
SPX and ES will probably split the difference here and end the day right on the tip of that secondary overlapping RW, leaving us with a literal cliffhanger...Note
Bulls still got it...Note
Watch out for the reversal setup...Note
Right on the edge...Note
Closed in No Man's Land just 6pts shy of 1W ATH close, what a fun action, enjoy the weekend...Note
Ooh, sweet fractal retest...Note
Got a collapse right on our uptrend fractal here...Note
Next upwave should tell us a lot.Note
We got an exact touch on the Megaphone top and another potential topping pattern here...Note
Broke under...Note
Look at that nice breakout on Topping fractal X...Note
Awesome fractal ridin today...Note
Like clockwork...Note
Bouncin between old megaphone lines...Note
Momentum died quite a bit...Note
This upwave lookin weak...Note
Looking pretty damn weak...
Data analyst with a passion for best fit lines B)
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