$SPX Update

Carrying forward the thought from yesterday, it remains possible for us to be in the smaller ending diagonal. It’s usually not great to have a strong wall into a close on a non-Friday, but there are exceptions (e.g., 12/12/22) and this could be one of those.

I have added this orange buffer to the chart, which shows the range between two important prior highs. A squeeze & overthrow of this proposed ending diagonal, if we get it, will also let them clear any liquidity above these highs, leaving only the August high intact.


So, let’s see what happens tomorrow.

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