Parts of this article may be reserved for members. You may learn more about becoming a member on the Join page.
You are also warmly invited to join our growing community in the Discord server (there are many public features in there). The invite link is here: https://discord.gg/58FSjcDhvG.
The S&P 500 remains within these parallel rails, and has still been unable to quite reach its 50-day SMA:
And a second structure we may discern is this ongoing contraction in price, which is forming a falling, bullish wedge:
And it is this latter structure that I would like to focus on more in the rest of tonight’s article.
So, that’s what I think. I hope everyone has a lovely evening. And let’s see if hell is let loose soon.