possible descending triangle breakdown. context isn't right, so I'm not sure about the target. I'd be more than happy if it tests the day low.
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SPX 1m.. could tweak that line..for a slightly larger triangle..again not a ABCDE move…kinda looking more to the down side at this point… still hope for an invs H&S for the bulls.. higher low… but mind the open gap below, and 200d @ 1905
testing day low as expected. vol surge, may see rebound here first then we'll see.
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I got a very complacent around 2ish thinking we'd cruise to a doji finish and now stuck a little long. crappy finish to what was otherwise a decent week
Its amazing to me but according to my favorite indicators, this market is barely oversold, almost flat. Plenty of room on the downside. This could be a correction that wipes out the 200 dma before this is over. Absolutely no sign of a bottom yet according to my work.
We'll see if I'm wrong! I have failsafes in case things turn around.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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