S&P 500 Daily Update: A Personality Trait Feature per Fractals

SUMMARY

The S&P 500 (SPX) continues to pattern out the final touches of the upward pointing wedge (white) which correlates with the blue wave 1 of white 3. This would prep for the onset of blue 2 correction. Since SPX prefers to use frequent patterns of the small upward pointing wedge, it is likely that such is a personality trait. The purple wedges are also embedded within a larger symmetrical triangle. This is also very common in Cryptos and has been referred to as an "impregenated" pattern. Overall, once blue 2 completes, the bule 3 should allow new all time highs to be tagged.

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