* SP 500 Update *
Summary : With "Geometry" breaking within the "Contracting Triangle" the
"Barrier Triangle" at around "$4101 support"
comes to mind, but also keep in mind with this leg down for the " C wave " it is not in its
"Personality" to
come to its end with "High Volume". So with that being said Im leaning
towards my "Bear market scenario" with a "Potential Crash point" at the "White Zone"
Does RSI still support the triangle - YES
With earnings coming around can this keep
the "Contracting Triangle possible"? - Yes, until the "Invalidation Point" is broken
Summary : With "Geometry" breaking within the "Contracting Triangle" the
"Barrier Triangle" at around "$4101 support"
comes to mind, but also keep in mind with this leg down for the " C wave " it is not in its
"Personality" to
come to its end with "High Volume". So with that being said Im leaning
towards my "Bear market scenario" with a "Potential Crash point" at the "White Zone"
Does RSI still support the triangle - YES
With earnings coming around can this keep
the "Contracting Triangle possible"? - Yes, until the "Invalidation Point" is broken