One Last Note on $SPX

Sorry, sort of stream of consciousness today, just talking out loud here a bit.

One peculiarity with the ending diagonal as I have been drawing it, is the lack of clear “contraction” in price. The rails are closer to parallel than not. That’s not a deal breaker, but it’s not super common, either. Here’s something that came to vision a moment ago, as a mild variation of the same thought:

SPX

This “looks” better and I see no reason to reject the idea. It doesn’t change anything for us, nor does it solve our most immediate question: wen crash?

At any rate, we should be very close. I am trying to not make any assumptions just yet, and am trying to remain prepared for either our drop below 4000, or yet another pop first.


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