[SPX] Welcome to Top City... We Are Chillin on the Summit!

Zaktualizowano
These Topping patterns didn't exist prior to the major Feb 16th peak, now they happen many times a week.

In addition, our earlier H&S tops were much wider than the far narrower tops we've seen since crossing the tip of the giant Bear Pennant.

Keep in mind we never fully broke below, which left the door open for the current run.

Now we're struggling to break the top of this pennant which sits right at 4k.

We're still likely to break under and confirm the Bear Pennant here.

We need to test 3.6k again for the next strong upwave.

Old Megaphone fractals still holding up great here.
Uwaga
Just bouncing between the fractals still...
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Uwaga
This fractal or break through it may be important but stretching a bit here with the limited data...
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Uwaga
This upwave lookin weak...
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Uwaga
May be more like this...
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Uwaga
Last upwave had weak momentum, next downwave already starting...
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Uwaga
This is the fractal to keep your eye on today...
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Uwaga
Futures still not impressed despite the exuberance here...
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Uwaga
Futures struggling to break through this downtrend fractal and on track for another downwave here...
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Uwaga
Boom, hope you were ready for that Fed announcement, nothing new to get excited about exactly in line with all expectations, just hype...
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Uwaga
SPX was a great leading indicator for Futures on this move.
Uwaga
Had some nice back and forth breakouts eventually heading to top of our Megaphone fractal here...
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Uwaga
Double top...
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Uwaga
Falling back to the 1.5Y Peak Channel top fractal...
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Uwaga
Our faded yellow upchannel there nailed the reversal off the topping pattern breakout AND our red megaphone fractal not to mention the inflection around our horizontal yellow Feb 16th peak fractal.
Uwaga
Dropping down level by level...
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Chart PatternsFundamental AnalysisSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

Data analyst with a passion for best fit lines B)

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