Spy - an arcing perspective

Seems as though the S&P likes to follow these arc's... until they flatten out, and then a nice correction sets in. We may be getting close to that correction now.

I see a few occasions where these arcing consolidations broke bullish... but they seem to be outnumbered by the drops.

The optimism of good news can fade quickly in the tumultuous times... be careful chasing the bulls at these levels!!

I'd love to hear what you think of this perspective!