[SPX] BEWARE the Ghost HEAD... Still Holding 1M H&S Structure!
It's hangin by a thread but the Right Shoulder breakout is still contained within a 1M H&S Head Fractal aka Ghost Head.
Watch yourselves out there! Conditions may just be about to get even rougher.
Watch yourselves out there! Conditions may just be about to get even rougher.
Nota
Don't forget about the Futures...
Nota
Back up to magenta, lets see if it breaks through or rejects, overall still pretty bearish...Nota
Fractals holding well...Nota
These new red and yellow dotted fractals are key inflection points to keep an eye on if we're going higher, otherwise you can watch it ping pong to a new low...Nota
Red dotted is a broader down megaphone bottom fractal that fits nicely along the top here.Nota
Ghost head moment of truth...Nota
It's trying to test the op of 1.5Y Peak Channel again, how it reacts there will make the next move more clear...Nota
Fractal rejected with some space and avoided the touch, typically bearish...Nota
Keep an eye on the iterating topping fractal inflections...Nota
Keeps getting stuck here, let's look out for breakthrough or rejection again...Nota
Tested the next dotted fractal...Nota
New topping fractal rejected Price today...Nota
Upchannel fractal held very nicely here, we're in No Man's Land, notice the gap over our red megaphone fractal, this is all lookin pretty precarious...
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
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