If the S+P 500 falls into the white area on this chart,
( Shown here on the 15 minute Chart)
then a potential significant market decline, "could" begin at any time !
Right now, for point of reference,
the white area denoted on this chart begins at 3183.63,
which coincides with the Weekly "OPEN" on the S+P 500 for 12/16/19
I am also suggesting that a break back into the white shaded area on this chart
could begin an important retest of intermediate support at the 3070 Low, which could occur, before the end of the year.
Should however the S+P 500 breakout yet again to the upside in the rising wedge pattern in effect right now,
my primary analysis shows an upside target of 3210.
which in my work, could offer the greatest short opportunity possible !
A upside continuation move past S+P 3210, however would negate this analysis, and be quite bullish in interpretation.
Finally, an important and consistent reminder/ Disclosure.
This is my own proprietary analysis, and it should not be considered trading advise, of any kind.
Thank you.
SPX Last 3192.52
THE_UNWIND
12/18/19
MOUNTAINS/NEW YORK
( Shown here on the 15 minute Chart)
then a potential significant market decline, "could" begin at any time !
Right now, for point of reference,
the white area denoted on this chart begins at 3183.63,
which coincides with the Weekly "OPEN" on the S+P 500 for 12/16/19
I am also suggesting that a break back into the white shaded area on this chart
could begin an important retest of intermediate support at the 3070 Low, which could occur, before the end of the year.
Should however the S+P 500 breakout yet again to the upside in the rising wedge pattern in effect right now,
my primary analysis shows an upside target of 3210.
which in my work, could offer the greatest short opportunity possible !
A upside continuation move past S+P 3210, however would negate this analysis, and be quite bullish in interpretation.
Finally, an important and consistent reminder/ Disclosure.
This is my own proprietary analysis, and it should not be considered trading advise, of any kind.
Thank you.
SPX Last 3192.52
THE_UNWIND
12/18/19
MOUNTAINS/NEW YORK