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S&P 500 Index
Short

SPX January Lows Likely to be Tested

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An expanding wedge with rising distribution volume, a possible head and shoulders formation, and a rejection of overhead resistance, all looks bearish in the near term. How the SPX reacts at the January lows will determine if we drop down to the 3800 level afterwards.
Short term - Bearish to 4200
Medium - Bearish
Lazy_Investing
Also on:
Chart Patternseminisp500Technical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

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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.
Chart Patternseminisp500Technical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis
Lazy_Investing
Also on:

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.