CONFIRMATION

Today confirms the bullish trend since March broken. SO MAKE LIKE A TREE AND SHORT STOCKS.

OH DEAR

I did a touchup on the top trend line this weekend and this is what I found.. a strong upward move will invalidate my SPX bear channel.

Quick Look at DJI

Log Scale


Without Log Scale

Patience

two more weeks and you will see rejection at BLUE and may then short your brains out.

UPDATE!

Only a tiny bit left to go.

SP500 CHART

Sorry, work has had me tied up for almost 3 weeks now, but I finally have a chance to update today. The channels are working like a charm for the S&P500 chart, and the rising wedge formation is about to reach it's apex within 3-4 weeks.



Here is a zoomed out view.