SPX, the chop looks like a running triangle

20 Mar 2023

Still looks like a B wave to me, with a C to follow. They are chopping everyone to pieces with the bad news/good news before the C down. We could have a minor sell off overnight and rally into fomc ( to around 4k) or the E wave may finish tomorrow and FOMC will kick off the C wave. Either way I believe any rally higher is a chance to collect shorts. The structure on ES is pointing to about 3650 in April.

20 Mar 2023

Not

Closeup of the chop

21 Mar 2023

Not

there has been no pullback, so the other alternative is we are in a C of B, target on ES is the pitchfork boundary area, or double top area. This would surprise the majority and I think it's possible with the announcement tomorrow and then quick failure.

21 Mar 2023

Not

we are at trendline resistance on futures. If this is an E of a running triangle, the pullback was very small - almost none. It's possible sideways overnight was enough. PCC was also very low yesterday.

21 Mar 2023

Not

possible completion for ABC structure, looking for a reversal here at the pitchfork trendline. It may not come and tomorrow can certainly be a gap up, but I'll collect some shorts here n case there's "bad news" overnight and this pattern is done.

21 Mar 2023

Not

rising wedge on cash spx

21 Mar 2023

Not

vix test of weekly 20/18ma