The quarterly SPX has the price hanging on to the cloudbut red...

The quarterly SPX has the price hanging on to the cloud
but red and blue are still above. If it was a 5 min
chart i would not go short until price greets red.

This greeting of red is my view of the next high turn date.

In the months to come if that red line gets close to the
bottom of the cloud then maybe the waterfall effect but
only if red is ready. I feel price will come up to greet red and then blue and then bounce within the cloud in the months to come. I guess in the big picture I'm bullish based on this for the medium term.

Very simple analysis but at least it a plan.