$SPY, $ES_F has created a 5-wave reversal pattern. When this happens price tends to gravitate back to the magenta line.

A quick update to show how $GE has been resolving the volatility reversal breakout to the upside-

$DIS short-term chart is showing a "type 3" Andersen Band Squeeze. This should resolve itself into a volatility spike.

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Perhaps $GE at 13 is preparing for a bounce higher.

$GBPCHF has been number 1 on the ST momentum heat map, and now at 1.3680 may be about to roll over.