Only two charts but they convey a 1000 words of a pure un-adult-r-rated view of what's happened, happening, and going to happen, well, eye think, LOL...
First off, the first chart shows a cluster of closes between 258 and 265 in the Red Circle, bottoms seldom resolve with such clustering, tops do but not bottoms, hence, we need a Cascading Compulsive Capitulation wave down that reverses and closes 2.5% off the bottom??
Secondly, we have NOT had a distribution pattern yet, usually these distribution formations take 2-4 months to complete as da-Boyz unload all of their Excess inventories built up supporting whatever support levels would lure the most players in, hence, the Green Rectangle indicates a great distribution formation at MUCH HIGHER LEVELS??
You can see the obvious Wedge-e Triangle formation we've been in since the first of the year with the Blue, Green, and Red sides of the triangle and the BLUE horizontal line marking the close of 263.15 on Thursday!
Imi, a Drop out the Bottom of that Triangle will be a Bear Trap and price will climb fast-n-furiously back into the Triangle and then move up to breach the Green line and cause a violent 2-3 day move to new ATHighs at the same time climbing INTO the Distribution Green Rectangle Zone where it will play the Up and Down thingy into Mid-July???
The next chart gives a visual view of the New Year of Volatility and eye expect this weekly range chart to go Parabolic as price finds a way to levitate into the Green Rectangle???
Let's all play along as da-Boyz give us a lesson of meaning, the "We have to go Down to go Up" lesson dat is, LOL...
Enjoy the day of New Beginnings and shall we all have the Faith in Christ death and blood so that we can embrace everyday knowing that its all just a Game we play in the Earth-lee realm so we might as well know da-rules and play said game as best we can knowing that God's grace will bring us all home someday, God Bless EVERYONE, Oh, and good trades too...
Alrighty then, as expected Spy is looking like it will open around 262.50 so the first part of the 4cast is looking good, But, will Spy find a way to rally back to the 263.15 line and then march higher to post a higher high then Friday's high, 265.26??
You can dew it Boyz, JAM-r up and real dem Bulls, well, IN, LOL...
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