Looks like SPX may have a triple top which is bearish. We may test the previous lows and if we break those lows, triple top will be confirmed and we're going down. Any thoughts? Happy to learn..
Note
As mentioned, we did test the lower lows but we bounced off really nicely at the lows at 0.236 FIB. In my opinion, we may test the 0.382 fib resistance at around 2,687. We may not break the resistance as the volume is not very high but with Dec month being a bullish month in general, let's hope it does.
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.
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.