S&P 500 IndexShort
[SPX] Rising Wedge BULLGASM: Beware 2Y Peak Downtrend!
BULLGASM achieved! Now it's time for BULLDEATH...
Every time we've touched this light blue 2Y Peak Downtrend line (converging with 5Y yellow trend now), the market has had a major selloff within 7 trading days.
Pushing into the 2Y peak channel (dark blue) will be deadly, Price can't get above the top line there.
We're at the ceiling here folks, nowhere left to go but down.
Every time we've touched this light blue 2Y Peak Downtrend line (converging with 5Y yellow trend now), the market has had a major selloff within 7 trading days.
Pushing into the 2Y peak channel (dark blue) will be deadly, Price can't get above the top line there.
We're at the ceiling here folks, nowhere left to go but down.
Data analyst with a passion for best fit lines B)
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