I want to reiterate several technical features I see on the S&P 500. I will use $SPY for this discussion.
- When we draw a channel (purple structure) from the COVID crash low through the 1/24 low, we can see that the market is attempting to recapture that (and so far has not been able to)
- The whole local structure (green structure) “looks” like a bear flag: parallel rails, 3-wave move in total (so far)
- I find it interesting that the measured move of the flag fills the almost year-old gap (and so for the time being, that’s where I think we are going)
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Hi Dereck, I’m considering supporting you on Patreon, Could you send me the above analysis as an example of your work. Thank you
I thank you for your interest.
Unfortunately, I am unable to do that. However, there is a “directory of all posts” that may be found in the left sidebar. If you go to that and scroll down a bit, you will find hundreds of articles that have been released to the public at large. Any number of those will serve as examples of the sort of work I produce throughout each week and month.