Major Move Nears For Stocks
SPX500 on a 300 minute timeframe is printing at a severe discount to the 2433 point of control. The month long bracket has been compressed indicating a major imbalance is nearing. As of right now, it appears that direction is down.
On a daily timeframe, the bracket is more visible between 2320 R1 and 2438 R2. This bracket is compressed and a directional imbalance will near.
On a weekly timeframe, price is rotating at a premium discount verse the 2090 point of control. At some point, the auction will exhaust buyers forcing an unfair high and start a reversion to the point of control with sellers in control.
On a monthly timeframe, we call this a blowoff top.
Hold Tight, The Stock Market Is About To Make A Major Move