the_sunship的EIGHTCAP:SPX500的SPX, the chop looks like a running triangle

SPX, the chop looks like a running triangle

Still looks like a B wave to me, with a C to follow. They are chopping everyone to pieces with the bad news/good news before the C down. We could have a minor sell off overnight and rally into fomc ( to around 4k) or the E wave may finish tomorrow and FOMC will kick off the C wave. Either way I believe any rally higher is a chance to collect shorts. The structure on ES is pointing to about 3650 in April.

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Closeup of the chop

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there has been no pullback, so the other alternative is we are in a C of B, target on ES is the pitchfork boundary area, or double top area. This would surprise the majority and I think it's possible with the announcement tomorrow and then quick failure.

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we are at trendline resistance on futures. If this is an E of a running triangle, the pullback was very small - almost none. It's possible sideways overnight was enough. PCC was also very low yesterday.

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possible completion for ABC structure, looking for a reversal here at the pitchfork trendline. It may not come and tomorrow can certainly be a gap up, but I'll collect some shorts here n case there's "bad news" overnight and this pattern is done.