Short
S&P’s BEARish Resistance
Back in September ‘18, a proper correction took place after a second attempt against this BEARish Resistance. Today, nearly a year later, we are approaching the same level of resistance; what do you think is going to happen?
With it’s current range, between the BEARish Resistance and the Red Support Line, a prominent “Megaphone” pattern has formed; usually signifying: “Attention: GET OUT WHILE YOU STILL CAN!”
That said, I believe the market is due for a major correction towards the Red Support Line.
Trade well my friends.
With it’s current range, between the BEARish Resistance and the Red Support Line, a prominent “Megaphone” pattern has formed; usually signifying: “Attention: GET OUT WHILE YOU STILL CAN!”
That said, I believe the market is due for a major correction towards the Red Support Line.
Trade well my friends.
Note
As predicted, that top of the Megaphone is extremely BEARish!Note
BEARy bad for the Bulls, right now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.