Short
Updated

S&P’s BEARish Resistance

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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.
Note
As predicted, that top of the Megaphone is extremely BEARish!

snapshot
Note
BEARy bad for the Bulls, right now.

snapshot

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