S&P500 ran out of steam

By Auguraltrader
Looks like the S&P500 ran out of steam, as it climbed strongly, then leveled off, then consolidated, and a sudden breakdown.
The fuchsia ellipsewas drawn earlier in another idea post, and now, it’s about time...

Watch for a lower high and a lower low following...
Chart PatternsS&P 500 E-Mini FuturesTechnical IndicatorsSNPsnp500S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis
Auguraltrader

Related publications

Disclaimer