While ES has invalidated a larger diagonal triangle thanks to after-hours prints, SPX has not.
Saturday, August 3, 2019
Overthrow Territory (7/26/19) highlighted the 5th point of a potential megaphone pattern. This past week's selloff confirms that resistance held so far (if this is indeed a megaphone). If so, the traditional measured target for the megaphone is 2150-2350 in SPX.
Saturday, July 27, 2019
Saturday, July 20, 2019
SPX is kissing overhead resistance a second time (Chart 1). A small potential EDT is complete (Chart 2). A larger potential EDT or triple-zigzag would be invalidated below 2965 (Chart 3).