[SPX] Fell Short of Max Peak as Predicted... Double Top City!
I called a max Monday peak of 3264, we fell short of that as I anticipated was most likely (3258 top).
However, the point here is that it begins its massive reversal (we may be seeing the start with 3251 now) and decline from this max peak so still gotta wait for further validation tomorrow.
It rode right up my predicted S/R and still just barely hanging on here! Squeezed itself right into the corner of resistance and 5 year trend so looks like tomorrow is the breaking point. Either it'll continue the steep climb and hold for a bit before crashing or break under and crash.
You already know what the odds are screaming but shit can't take anything for granted in this market.
We have clear shorter term double tops aligning with the 1D and 1W and one massive double top aligning on the 1M.
Can't wait for tomorrow! Also can't wait for Squeeze Metrics DIX/GEX data to roll through later today, it could be leading indicator for a crash tomorrow, we'll see.
However, the point here is that it begins its massive reversal (we may be seeing the start with 3251 now) and decline from this max peak so still gotta wait for further validation tomorrow.
It rode right up my predicted S/R and still just barely hanging on here! Squeezed itself right into the corner of resistance and 5 year trend so looks like tomorrow is the breaking point. Either it'll continue the steep climb and hold for a bit before crashing or break under and crash.
You already know what the odds are screaming but shit can't take anything for granted in this market.
We have clear shorter term double tops aligning with the 1D and 1W and one massive double top aligning on the 1M.
Can't wait for tomorrow! Also can't wait for Squeeze Metrics DIX/GEX data to roll through later today, it could be leading indicator for a crash tomorrow, we'll see.
Data analyst with a passion for best fit lines B)
