One More Structural Point

Complementing the last post (here), within that structure, on the cash session, we are also now presented with this:

SPY

The minimum measured move is noted by the orange box. These can move quite quickly. That said, we need to stop around here to keep the wedge shape. And if we do, the divergence here is quite excellent. It signifies to us that momentum (to the downside) is slowing rather than how it appears: it appears grim and crashy.

Also, note: I added some comments to the last post that I thought were important to say. You may go read those (I added remarks after I had originally published the article, and many people had already read it)

Actually, I will just stick them here in case you want to read them:

REMARKS


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