Following VWMA on 6 hr time-trame, the bearish structure follows the George Lindsay 3 Peaks & Domed House.
While this is not a daily chart, the framing is strikingly similar.
Serious divergence in overall market, resulting in likely major macro-economic correction impacting all markets in 2022.
Macro factors likely driving plunge further past long-term center channel: - All assets since 2003 valuation +1,100% - PPI (all commodities) has doubled since 2000 - S&P500 +300% since 2011 - M1 money supply +7,300% from 1976 - M2 velocity down about 50% from 2000 - DJIA +180% from 2011 - DXY (USD index) down 23% from 1986