SPY - new Harmonic pattern propagating?
Hello,
Here are some fractals that fit the support and resistance levels nicely, from a few time frames (the longer the trace, the larger the time frame it was found on).
Of course, we are always watching for the orange pattern to re-play.
The purple one is exciting, because its original was just last week, and quite a bit smaller... so the vectors that connect is are broadening like a megaphone. If it plays out, that would be a strong sign that the bearish forces that just established their pattern at the peak, would be dominating the argument, and this could indeed lead tot he orange trance playing out.
The turquoise is also quite likely, as our markets are kept afloat through financial games of governance... so be careful betting against the federal reserve and the central banks ;)
Good Luck!
Here are some fractals that fit the support and resistance levels nicely, from a few time frames (the longer the trace, the larger the time frame it was found on).
Of course, we are always watching for the orange pattern to re-play.
The purple one is exciting, because its original was just last week, and quite a bit smaller... so the vectors that connect is are broadening like a megaphone. If it plays out, that would be a strong sign that the bearish forces that just established their pattern at the peak, would be dominating the argument, and this could indeed lead tot he orange trance playing out.
The turquoise is also quite likely, as our markets are kept afloat through financial games of governance... so be careful betting against the federal reserve and the central banks ;)
Good Luck!
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