SPX repeating 2022 pattern

9 Nis

I had said in a earlier post( see link to Related publication) that Vix is indicating we will be in 2022 style market and so far indeed it is, except for the breakdown from the wedge last week.
Expect the price to fluctuate within the wedge to consolidate before a breakout

The comparison shows close similarity of the wedge and path (except last week)

10 Nis

Emir iptal

Today price breaking back substantially, below the wedge a second time, Pattern cancelled and no more bullish scenario. Wait and watch now.