Update 5:33PM: Nice impulse down on the SPX:
ORIGINAL POST
Prices perfectly bounced off the top of the upper wedgeline on the SPX.
Wilshire chart shows that if this is still Minor 4 playing out, it may take the shape of a long-winded triangle with prices hovering around QEternity Day support and gyrating around the upper wedgeline as shown on the SPX above.
The green up channel is now a key price marker. Prices may migrate back toward it. If it fails to support, look out below.
The market has a way of failing to record that final wave.
