[SPX] Diamonds Are For Bears

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Just noticed this gem...
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Diamond exactly on top of 1Y Peak Trend is pretty scary haha
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Seems about right...
syot kilat
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It's also kinda a 4D H&S.
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Bullish breakout? Bearish breakdown? Hold for confirm....
syot kilat
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False breakout to breakdown?
syot kilat
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false breakdown to real breakout!
syot kilat

Sitting right back on the growth trend there. It seems strong enough but it's right on the edge. It'd be more bearish if it had fallen short of that fractal.
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Look at that beautiful diamond retest and reversal fractal straight up into yellow and through for the expected breakout.

The breakdown below blue was a clear downward continuation signal before the powerful up reversal into close.

Let's zoom into the 2M microcosm here...
syot kilat
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Algos man...
syot kilat
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It's like a cheat sheet for the trading day haha.
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syot kilat
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Still hangin on this line...
syot kilat
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Broke under blue dotted, look for yellow break or bounce next...
syot kilat
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It broke but recovered and began a bounce, lets see how it reacts around the blue dotted again...
syot kilat
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Rejected off blue dotted slightly here, didn't reach yellow dotted...
syot kilat
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Rejected off yellow dotted and bounced off the new blue dotted and then broke through yellow...
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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