I have the SPX on day 6 of a new Trading Cycle.  The last TC Low or DCL allows me to now draw my longer Blue 5-6 month Intermediate Cycle Uptrend line.  My fist chart shows the SPX wedging to a decision point and the tightness of the Bollinger Bands is signaling a big move is very likely coming.

My second chart shows several blue vertical lines that pinpoint the periods over the past 2 years were we also saw tightness in the B-Bands.  Not saying we will see another big drop here but the SPX either needs to break above my red resistance because a close below my Blue IC Uptrend would likely signal the longer Intermediate Cycle has topped.


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