Follow up on previous pitchfork fit idea:
Fans from previous high pivots show median connection at ~4480-4500 on jan 28th. FOMC meetings (shown in yellow) trendline precede local peaks by 1-3 trading days (green brush). Expect drive up out of FOMC meeting press conference to end of week.
SPX showing significant downward pressure, ATH uncontested for nearly 2 weeks. Expecting bear trend to follow channel indicated by red trend line and orange 0.25 PF line. 50-100 pt oscillations every 2-3 trading days, great for leveraged short-long reversals.
Confirmation will be climb to 4715, resistance and reversal down below 4615. Expecting 4495 by end of...
