Substantial SPX buy support returns.
Bearish COPPER & SPX daily etc charts indicate further Wile E.
Coyote sell off ahead.
LOOK OUT BELOW:
SPX H+S on daily chart continues ~ very bearish pattern.
SPX also shows probable H+S on weekly chart.
This bearish impending price action will comprise the first installment
of the very overdue Wile E. Coyote sell off. As mentioned, the previous
SPX meltup devoid of healthy retracements has caused this coming crash.
One can only stretch the bungee cord so far before it reacts…