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fringe_chartist

Equities bull trap?

S&P 500 E-mini Futures (CME_MINI:ES1!)  
fringe_chartist  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Harmonic Patterns Chart Patterns
5
2
trendanalysis harmonicpatterns chartpattern
Accumulation phase(1) set a new low.
Test spring(2) is looking like a failure.
Will Distribution(3) be a new low?

The asymmetry is concerning because asymmetry implies a reversal. Shorting seems reasonable.

OR

We close(3) above the old high and the idea is invalidated
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