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Auole, CS posted this mega recently, they didn't say SPX is going to hit the top (at 1900ish), but they didn't rule it out.
Auole wrote:"Buy on the sound of cannons." N.Rothschild, 1815 Well, I think our algo market computers are now programmed with ~peace maker~ poisonalities.
However, all these gyrations...I am grateful to this TraderMoe to give some TA peace to this mess. It's been megaphone inside megaphone complete with fancy new highs; VWAPs tested near religiously. Next megaph VWAP on /ES again is 184ish. Here's one of his yest. ES multi megaphone charts. and in his words: ES has spiked through the top of yesterday’s megaphone. It would usually form a topping pattern here before a retrace to the megaphone VWAP.
At VWAP it can reverse for an explosive genuine breakout upwards (green scenario). If instead ES gets through the megaphone VWAP, it is headed for the megaphone bottom (lavender scenario). The lavender scenario is gateway to some potentially dangerous scenarios, depending on how the betting goes at some critical points.
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