just an ugly bearish wedge
continuing to develop this week as the S&P
puts together a 3%+ rally. these pivot
highs all become important levels that the bulls really need to set their eyes on taking out. Chart remains oversold on most timeframes but within the context of a very bearish
complacent downtrend . All eyes on previous 385 pivot
low which seems all too obvious to be the true reversal point. If we slam down there today it would very likely offer a bounce (and maybe a good one) just given how and where we have come from but I would stay very suspect of that level becoming longer term true support.