SPY Short/controlled correction
1 hour chart shows one massive head and shoulders, and for tomorrow the Hourly chart also sports yet another Head and Shoulders. more controlled correction coming. I believe in the gap fill theory, what I don't believe in is the flat Earth theory. Fed regulations starting tomorrow is moving this along. every large firm and bank must show 1 trillion in SOLID equity to protect themselves from total failure. This is why we have seen JP Morgan , Goldman Sacks and other institution liquifying their positions. time for the perpetual rising wedge to end and the correction to begin, thou admittedly it started nearing August 20th.
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