S+P Circular Dome Reversal Pattern, keeping price inside the pattern, Day 2 this week. ( As Shown )
Price analysis remains consistent and constant. The slow roll of the pattern is the dominant force at work here.
Frustration will continue to be the overriding factor, as traders feel whipsawed and confused. . Note this mornings early earnings driven rally,. had no impact on the pattern structure.
Yet it obviously frustrated the bulls who thought they were once again in control
@gvoommen, That would be a great trading opportunity. Money could be made only when markets move.
ugh2022sucks
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ill have my positions ready by Friday and expect a downfall int he couple of weeks coming up. This also is a classic Head and Shoulders pattern.
CodedFlow
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bulls cannot believe that Fed is fleecing them...
lapin_eliott
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i only wish it to go back to 2500, after that i will step aside from spx many weeks as i have been very confused by the magnitude of the recent pullback in january and need to think more about it. i bet this will be exactly the moment spx will dive again ... and i will regret :S
judejames
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@lapin_eliott, lol, get wide wing cheap bearish butterflies every month on spy like 15 point wide...