S&P 500 in Transition from Phase D to Phase E with SOW Event

Hi Everyone! We are about to make our transition from Phase D into Phase E of Distribution with a Sign of Weakness (SOW) Event. This first SOW in Phase E will likely take us down to the 0.236 FIB Retrace at 3,021. So, in my opinion, we open a short and leave it open for quite a while right here.

Happy Trading and Stay Awesome!

David

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2021/2022 Distribution Schematic:

Super Macro Group of time frames (2-Week, 3-Week, 4-Week, 5-Week, 6-Week, 8-Week, 10-Week and 12-Week):

Near Term Group of time frames (12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week):

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S&P 500 Stage 1 Expansion Down May Begin Next 5 Week Candle

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UPDATE:

Just as I updated DJI Average Index by switching to the 3-Week; I have adjust the S&P 500. Also, as you can see, this Distribution Schematic is no longer a "single" Tier schematic. It is a 2-Tiered Distribution Schematic.