[SPX] Failed to Hold Uptrend... Downtrend Fractal Gaining Power
Also broke out of Flag and RW Chimera structure.
RW also very flat.
RW also very flat.
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Proved to be as bearish as expected.Got another flat RW here, let's see how it plays...
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Here's some more potential breakout/down points...Note
Got a clear EOD breakout to taking a breather on top of RW structure. Could very well jump up from here but it was a pretty weak climb again today, decent chance we breakdown...Note
Oh wow guys, look at that! We broke out of another weak RW structure right back down to the top of the 1.5Y Peak Channel...Interestingly here, we have a couple old megaphone lines (red) in the mix, these have been quite reactive so far so this is the most powerful fractal area anywhere nearby meaning we're likely to bounce or break under and fall.
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Downtrend still winning as predicted!Note
Could be another flag here, tough to say for sure...Note
Wow hope you guys crushed it on this flag breakout AND the yellow dotted line breakout...Note
New RW structure, much steeper than the last two, not as clear though, very chaotic.Note
Like Magic!Note
We may have already broken under the light blue fractal! Gotta wait for confirm here but lookin bearish. Added the next yellow fractal to look out for a break...Note
If you're not tracking SPX RW's rn, I don't know what you're doing, easiest trade for weeks...
Data analyst with a passion for best fit lines B)
Data analyst with a passion for best fit lines B)
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