Something interesting caught my attention today.
$SPX spent roughly:
• 48 days accepting 6000.
• 50 days accepting 6900.
• It is currently accepting 7500.
If this rhythm continues, it would reach roughly 49–50 days around August 11.
Give or take a day here and there, the timing has been remarkably consistent.
Markets don't only correct through price.
They also correct through time.
Before every major move, the market first has to accept a new value area.
I'm not predicting what happens next.
I'm measuring the process.
Time is just as important as price.
$SPY $QQQ @Optuma