$SPX - Chart Link - as I posted earlier
the SPX/ES still has a potential triangle unfolding thus chop UNTIL
resolved. The market loves to consolidate prior to
larger news events
Fantastic view Steve ! Likely fill the "Air Gap" Matt
mentioned to 4150 by tomorrow, then find a way down to 4075 by
Friday morning when CPI comes out to help resolve the triangle on
Friday. Just need to pay attention to talking heads on CNBC
on Thursday - then bet the other way on Friday.
SPX 10
Posted by steve on 7th of Jun 2022 at 12:28 pm
$SPX - Chart Link - as I posted earlier the SPX/ES still has a potential triangle unfolding thus chop UNTIL resolved. The market loves to consolidate prior to larger news events
Keep an open mind as
Posted by steve on 7th of Jun 2022 at 03:46 pm
Keep an open mind as the sideways could have also been a flat if it ramps from here or wave d was 4139 wave e 4110
Or it could simply be
Posted by kobie on 7th of Jun 2022 at 12:50 pm
Or it could simply be a channel...
On a 30 minute it
Posted by tgo5043 on 7th of Jun 2022 at 12:46 pm
On a 30 minute it looks like a possible Island Top formation. All we need is a big gap down to confirm.
Fantastic view Steve !
Posted by fredsaid on 7th of Jun 2022 at 12:42 pm
Fantastic view Steve ! Likely fill the "Air Gap" Matt mentioned to 4150 by tomorrow, then find a way down to 4075 by Friday morning when CPI comes out to help resolve the triangle on Friday. Just need to pay attention to talking heads on CNBC on Thursday - then bet the other way on Friday.
Just be aware, that It
Posted by steve on 7th of Jun 2022 at 12:45 pm
Just be aware, that It may resolve prior to Friday and then make another major move after the CPI
I can see an inverse
Posted by kevindeng0727 on 7th of Jun 2022 at 01:52 pm
I can see an inverse H&S developing on 5min and 15min?
True ... I was just
Posted by fredsaid on 7th of Jun 2022 at 12:57 pm
True ... I was just hypothesizing with dates and upcoming news. Heck I'd love to see 4150 today !