Observation: The S&P 500 Equal Weight ETF has been consolidating since April 2024. The price will enter the apex of consolidation in July through August, coiling for a breakout at that time; if not, the market will delay until US elections in November.
Daily view: Daily consolidating since April 2024. P-like wave
Weekly view: Weekly pullback to the box of 2022. Weekly flag pole
Comment: Patience and sitting on hands in a bull market trend...