[SPX] Welcome to Top City... We Are Chillin on the Summit!
These Topping patterns didn't exist prior to the major Feb 16th peak, now they happen many times a week.
In addition, our earlier H&S tops were much wider than the far narrower tops we've seen since crossing the tip of the giant Bear Pennant.
Keep in mind we never fully broke below, which left the door open for the current run.
Now we're struggling to break the top of this pennant which sits right at 4k.
We're still likely to break under and confirm the Bear Pennant here.
We need to test 3.6k again for the next strong upwave.
Old Megaphone fractals still holding up great here.
In addition, our earlier H&S tops were much wider than the far narrower tops we've seen since crossing the tip of the giant Bear Pennant.
Keep in mind we never fully broke below, which left the door open for the current run.
Now we're struggling to break the top of this pennant which sits right at 4k.
We're still likely to break under and confirm the Bear Pennant here.
We need to test 3.6k again for the next strong upwave.
Old Megaphone fractals still holding up great here.
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Just bouncing between the fractals still...ملاحظة
This fractal or break through it may be important but stretching a bit here with the limited data...ملاحظة
This upwave lookin weak...ملاحظة
May be more like this...ملاحظة
Last upwave had weak momentum, next downwave already starting...ملاحظة
This is the fractal to keep your eye on today...ملاحظة
Futures still not impressed despite the exuberance here...ملاحظة
Futures struggling to break through this downtrend fractal and on track for another downwave here...ملاحظة
Boom, hope you were ready for that Fed announcement, nothing new to get excited about exactly in line with all expectations, just hype...ملاحظة
SPX was a great leading indicator for Futures on this move.ملاحظة
Had some nice back and forth breakouts eventually heading to top of our Megaphone fractal here...ملاحظة
Double top...ملاحظة
Falling back to the 1.5Y Peak Channel top fractal...ملاحظة
Our faded yellow upchannel there nailed the reversal off the topping pattern breakout AND our red megaphone fractal not to mention the inflection around our horizontal yellow Feb 16th peak fractal.ملاحظة
Dropping down level by level...
Data analyst with a passion for best fit lines B)
Data analyst with a passion for best fit lines B)
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