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)
Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.
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.