SPX 500 analysis
I posted a graph on a higher timeframe before we had a decent drop in all markets: 
And I still stand by that, but on the lower timeframe, I see a falling wedge forming. The price action indicates to me that we are going to break up sooner rather than later, so this yellow arrow I have on my chart is somewhat what I expect :)
And I still stand by that, but on the lower timeframe, I see a falling wedge forming. The price action indicates to me that we are going to break up sooner rather than later, so this yellow arrow I have on my chart is somewhat what I expect :)
Nota
Forgot to mention: We have created a lower timeframe downtrend. The first one since covid crash in march 2020Nota
Rejected as expectedNota
And broke as expected :)
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