shows a potential to open up, + break sharply, and very quickly to the downside,
possibly starting another leg down in the S+P 500, as soon as 10/18 or 10/19/18
The rally this week has done almost everything
that it should have done to bring back the "buy on the dip "crowd into the market.
under the guise of better than expected rear view .
The risk of a SHOCK factor is high here..
as a new complacency has crept right back into the market .
Caution is strongly advised.
10/17/18 842 PM New
is a potential "circular top",
seen most vividly on the 30 minute chart.
Because the "circular top" pattern has strong bearish potential to it,
the risk to the downside in price in a sharp and sudden move down is acute.
10/17/18 925 pm New York
I appreciate your compliment.
Thank you Jay, for your interpretation.