inteist

inteist

Looks like we may have broken the long term trend since the start of the rally and could not get back so far but we have seemingly had 2 such false breakouts on SPX so far.

inteist

I have previously published the H&S idea. Since then the only adjustment I made was to basically clone the left shoulder instead having a free hand drawn shoulder. We should see in the next couple days if we break the neckline. Unless JPOW pulls a goldn unicor out of his sleeve yesterday or something like that, we would probably see the neckline break very soon.

inteist

completing the ABC correction before the next 5 leg up to 78 Fib retracement AT which point we will start the C leg of the the big ABC coorection from ATH. Crazy, I know, given the economy. This is a quick and dirty draft primarily for myself.

inteist

Will have to see how Thursday closes. Good possibility it either breaks out or fails. Looking for the 3:30 big move that seem to have been happening lately every day like clockwork. FED, we see you )

inteist Updated 

Seeing H&S developing and it should play like that given the situation BUT we have a wildcard - namely the FED. And them saying they are ready to buy ETFs to prop the market, I am not sure it will play out this way