S+P 500 is currently inside an increasingly tight "wedge" formation
especially evident this week on the 15 minute SPX chart.
as price has moved back and forth in an increasingly narrow range.
NOTE :
Next week will see a strong BREAKOUT of the wedge,
either up or down. It could go either way.
At this point, all my S+P charts, updated for the weekend,
point to a potential downside resolution of the pattern,
highlighted by a late mild burst selling on Friday Oct.19.
2710 S+P Low from Oct 11, remains the most valued target
for the bears to vanquish.
THE_UNWIND
especially evident this week on the 15 minute SPX chart.
as price has moved back and forth in an increasingly narrow range.
NOTE :
Next week will see a strong BREAKOUT of the wedge,
either up or down. It could go either way.
At this point, all my S+P charts, updated for the weekend,
point to a potential downside resolution of the pattern,
highlighted by a late mild burst selling on Friday Oct.19.
2710 S+P Low from Oct 11, remains the most valued target
for the bears to vanquish.
THE_UNWIND