The 30 Minute S+P 500 Chart this afternoon,
shows a "Bearish Momentum Crossover" on the KST Indicator.
The technical price pattern is a "Rising Wedge",
higher highs, lower lows,with the Apex point in this pattern
occurring by the end of this week, which coincides with the end of 2023/Beginning of 2024.
The potential for a "downside break"in this wedge pattern is now heightened !
You should be alert to the possibility of a sharp downside reversal in the US stock market
once bullish traders have been completely "suckered" into the market near all time highs.
SPX Last 4775.89
THE_UNWIND
WOODS OF CONNECTICUT
shows a "Bearish Momentum Crossover" on the KST Indicator.
The technical price pattern is a "Rising Wedge",
higher highs, lower lows,with the Apex point in this pattern
occurring by the end of this week, which coincides with the end of 2023/Beginning of 2024.
The potential for a "downside break"in this wedge pattern is now heightened !
You should be alert to the possibility of a sharp downside reversal in the US stock market
once bullish traders have been completely "suckered" into the market near all time highs.
SPX Last 4775.89
THE_UNWIND
WOODS OF CONNECTICUT