Updated

ES, SPX - Santa Rally could trigger Cup & Handle pattern

A strong end to Q4

Window dressing by fund managers who were underweight equities

would trigger a cup handle pattern

breaking the trendline of the pattern is around 4600 on the #ES

I could also make an argument for HVF pattern we have a high 3 in place

A recession will no doubt rear it's head at some point ...
but a blow off top first to hand bears a beating is definitely a scenario I have shared before.

Trade active

Approaching the neckline @ 4580

Trade active

New High's incoming.

Trade active

5005

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5077

that time extrapolation interestingly puts us around the weekend of the 24th of August let's keep a mental note of that.

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5310
MeltUp!

Adding +75% in under two years

wow well done Fed :)
Clowns

Trade active

a bullish engulfing candle on the monthly!

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bullish hammering candles
up we go

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new high's slow stochastics are locked in the trend
cold #CPI number

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3.6% away from reaching the linear projection

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green accumulation bars still

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5.5% away from recapturing new highs

Trade closed: target reached

Linear target achieved.

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Bullish engulfing on the weekly

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stochastics appear to be embedding ...

3 consecutive closes - K&D above remember.

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note the rising wedge..

#ES #futures #SPX

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Target met
and fell out of the rising fallen wedge pattern :(

#ES #SPX #SPY

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#ES #SPX #SPY

backtest and fall away

BallaJi

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BallaJi