Bulls vs Bears.. Bulls have a Completed IH&S BUT Fails VolumeThree falling peaks could win if price goes below 7.4k.. Bulls have to raise their volume to pass 7.8 without faking out.. Not an attractive trade for the bulls that got trapped several times this week Trying to bust through 8k psychological resistance..
Good Luck !!
3fp
$SPX - Ending Diagonal - Last Action Hero.After many months of fight, the markets are ready for a correction. 3-3-3-3-3 formation /Ending Diagonal / on the SPX is almost ready. Bearish Three Falling Peaks may end this structure on the current levels. Who will win this battle? One thing is clear - the market needs correction.
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