One of these two things will play out, I believe. Bear wedge.
Probability: 65% The S&P will keep going down Swing Take profit: 3528.50 Stop loss: 3549.50
Probability: 60% High Risk! but you can choose Another Close TP ( and use your own strategy :) ) TP & SL on the chart but as i say: high risk!
We have a Sell signal Probability: 65% The market will keep going down SL and TP on the Chart.
😯 The pattern looks very clear to me and could be a potential move to put a lot of cheese in the bears pocket if we can crack the neckline. I believe if the neckline breaks we could see 50 - 130 point drop on the emini. This would validate my prediction on the spx500 to selloff. This neckline will tell us major signs of what happens next in the market. Stay...
There we have the bump. Now price will blow off to the downside to visit the white A/R line probably. Here's the link to the original A/R Post where I started it a while ago.