[SPX] Exact Megaphone Bounce... Double Top Sealed!
Today the price kissed the top of the megaphone structure and bounced up to a lower local high giving further validation to the bearish Double Top.
Remember we are hanging around in No Man's Land, basically everything above the green line that is also impossible for this market to hold.
It couldn't break above top of the island reversal last month and now is set to erode until it falls under the green line.
A close under the green line is all we need for the crash to ensue.
Good time to prune your crops.
Happy harvests! B)
Remember we are hanging around in No Man's Land, basically everything above the green line that is also impossible for this market to hold.
It couldn't break above top of the island reversal last month and now is set to erode until it falls under the green line.
A close under the green line is all we need for the crash to ensue.
Good time to prune your crops.
Happy harvests! B)
Data analyst with a passion for best fit lines B)
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