Watch the S&P for a massive breakout/breakdown move

Watch the ES/S&P for a massive breakdown or breakout move near this inflection point. My Tesla Arcs are showing price is, just now, breaching the current arc and that usually prompts a bit of price rotation.

You can see from my price channels that any rotation lower would likely end near the Green upward sloping price channel and would likely prompt further upside price activity. The news from China regarding continued fiscal easing in an attempt to prevent a capital market/stock market collapse is extending. I believe this will be a complete train wreck for China as they have placed themselves in a very fragile position.

If I'm correct, volatility will increase over the next 3~6+ weeks as more news and re-positioning of capital takes place across the globe. My analysis of the Euro shows the EU market could also face continued pressures. My assumption is that as China continues to deflate - it will take other "fringe" markets down with it. Thus, infrastructure and other capital project in other nations could be a catalyst for a broader market decline.

This means the US market, which is somewhat immune from these contagion issues, should continue to push higher eventually.