[SPX] Rejected Near Resistance... Watch This Downtrend Line!

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Generally this yellow line should be useful for longing X over, shorting X back under or shorting a rejection. As long as markets don't just tank anyway. Got some great mileage out of it today.

Price rejected around my trend fractals where I was expecting, made for easy long and then short into close as we hit LHs on the way down.

GL all.
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OK here's more context, added the 2W Peak Downtrend fractal as light blue here, that should be an important trend moving forward. Yellow is same angle here as OG idea and only created from today's data...
syot kilat

This steeper 1D Peak Downtrend seems bearish.
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syot kilat
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Oh yea, as expected...
syot kilat
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syot kilat
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Look at that beautiful breakout above light blue on the 5M after hanging on it for awhile...
syot kilat
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These red fractal lines should reject again.
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Right on cue!
syot kilat
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Just a quick light blue retest, lets see if it bounces or falls through...
syot kilat
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Here's the range to look for breakouts and breakdowns...
syot kilat
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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