Indice S&P 500

Consolidating?

120
Practicing my crayons skills... Don't judge :)

Fixed range VP setup near breakout zones
Things of interest
- Previous dips chopped before the next leg up
- Currently just outside high volume zones. Low vol = consolidation potential?
- Holding, so far, previous resistance zone
- Sideways moves could give time for breadth to improve
- Oil appears to be going up --> good for the markets?
- 'Triangle pattern' kinda interesting

Position:
If asked, I'd say wait for a trend.
Full/final position for the year will be initiated on trend confirmation via private scripts, MAs, etc.

Not financial advice. Good luck and don't risk what you can't lose!

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