Here is same pattern of 2011-2012 . Will be ingesting how it play out .
This is a chart pattern from 2011 -2012 i see same pattern right now in spx 500
short term see if we hold go back upper parallel
Price seems to run out of energy at extremes and reverses we landed on 2.0 median line extension. Short term bullish back up to 1.200 area then reevaluate.
Long back up to 121 level
Bullish back up to 1.27 level
Monthly chart bigger view on market .
Need stay above median line will be battle .
4 hour fork working nicely .
Fork on USO daily catch price pretty good .
Fork on week spy chart catch price pretty good .
Short term bounce back to median line
long term view
Median Line support coming up
Watching for C to develop