dereckcoatney

The Structures I Will Be Watching Tonight

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
These are the structures I will be watching tonight, the interplay between what looks like a broadening pattern (yellow) and our old friend the rising wedge (orange). I do expect the broadening pattern to resolve to the downside with some urgency; at least that is how they typically play out.

For context on the rising wedge , of course, it is the larger structure that I hope we have left behind for good:

Comments

It's not a well-founded thought, but I don't think August and September will be kind to the stock market.

Bonds are saying economic depression....and have been saying that all along.
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