[SPX] Chimera Wedges Were BOTH Valid... New RW FAIL!
Gapup overnight recovered the RW fail to the top of the structure and continued the FW breakout.
This meltup created another smaller RW that has now failed.
Plus we may be in the midst of yet another 5Y Peak Channel rejection.
Maintaining Price in this zone ain't no cake walk people.
3680 still max peak here and that has been validated now by a range of different TA.
This meltup created another smaller RW that has now failed.
Plus we may be in the midst of yet another 5Y Peak Channel rejection.
Maintaining Price in this zone ain't no cake walk people.
3680 still max peak here and that has been validated now by a range of different TA.
Comment:
Price deflected right off the mid-point of the 5Y Peak Channel today...
Comment:
RSI also losing steam and Price deflected off Core Uptrend line as well...
Data analyst with a passion for best fit lines B)
