1. Descending channel broken to upside = bullish
1.1⚠️ caution : be aware of false breakout
1.2 rising wedge can confirm a false breakout back into the descending channel
1.3 if rising wedge confirms the buy entries then possible inverse head and shoulders can develop over time and lead to more upside
This is a weekly scope and will take a few weeks...
Daily view on Sp500 valid for June - July
Possible Adam and Eve top formation pattern
We might dump / drop on Sunday / weekly open
Possible targets :
Spy bottom gaps
Spy closed lower than Spx
From what we have noticed is that whenever Spx closes above the spy close we have a sharp fall in prices on the...