Description
⋅ ON has been in a long accumulation lasting several months, but now appear it may be on the brink of collapse.
This is quite low time frame and good chance it can pop up again, but this may well be a continuation pattern here...
I did have the blue band above as an ideal entry but I chose to watch as indexes were bullish.
From here it may touch into that band again but I have opened a short here and will add more if it does hit the band.
SPX analysis thread linked.
Not advice.