[SPX] Nailed 3rd Peak Call... 3rd RW Fractal Cruiser Spawn!
The Mothership (6M RW from March lows) has officially spawned it's third bearish RW fractal cruiser.
I consolidated my last 3 smaller 1D wedges into one 3D RW that we have clearly broken under now.
5Y Peak Channel also rejected Price for the 3rd time since my OG prediction back in August that Price wouldn't be able to climb over this channel:
![[SPX] The Trader Who Cried Wolf: These Are My Confessions!](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
So now we just fell out of this Peak Channel and failed a retest.
This is very bearish, next possible inflection point now likely 3300, if we get under that... on down to 3k, if we bounce there we may see a 4th Peak Channel rejection.
RSI still quite high, this could be a powerful drop soon down to the bottom of the orange 2Y down channel...
UVXY is wedging super hard in 9M FW right now... lookin for that POP!
I consolidated my last 3 smaller 1D wedges into one 3D RW that we have clearly broken under now.
5Y Peak Channel also rejected Price for the 3rd time since my OG prediction back in August that Price wouldn't be able to climb over this channel:
![[SPX] The Trader Who Cried Wolf: These Are My Confessions!](https://s3.tradingview.com/z/z5rbSbBe_big.png)
So now we just fell out of this Peak Channel and failed a retest.
This is very bearish, next possible inflection point now likely 3300, if we get under that... on down to 3k, if we bounce there we may see a 4th Peak Channel rejection.
RSI still quite high, this could be a powerful drop soon down to the bottom of the orange 2Y down channel...
UVXY is wedging super hard in 9M FW right now... lookin for that POP!
Data analyst with a passion for best fit lines B)
