S&P 500 (Daily Chart) - Support is Broken
After consolidating for the past few months, the S&P 500 has finally broken the major support level and is heading down.
The pattern looks a lot like a potential double top, so this could lead into something more serious.
We have been mainly short (besides capturing a few small rebounds) for the past few weeks, and I will continue to add positions on pullbacks.
The pattern looks a lot like a potential double top, so this could lead into something more serious.
We have been mainly short (besides capturing a few small rebounds) for the past few weeks, and I will continue to add positions on pullbacks.
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Twitter: bit.ly/2DLoV6X
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