Based on the pattern beginning in December 2018 we should see a third ascending triangle.
Normally breaching long-term support whilst failing a breakout results in a steep bear market. However, three consecutive triangles brings indecision from May to June 2019.
Bear market until late September to early October 2019.
Rapid leap back to the top of what now appears...
Candle Cal takes another crack at navigating SPX trends. This time he stops to consider whether rock climbing is in the cards.
Cal is one of those down to earth people. He realizes, well, it's pretty darn hard to break a 9 year trend. And since that smaller upward channel is already showing weakness, why not hop down a few hundred to...
We have Candle Cal here to show us where he thinks the market is headed. Cal tripped after a nice run up and is expecting he'll keel over around August-October. Further refinement of that projection should be possible by July. He's also expecting increased weekly volatility in the meantime, while overall daily trends remain moderate.