The false breakout above S+P 4580 today,
and the accompanying bearish "break back" in the prior pattern
shown here on the 15 Minute Chart
with a pick up in volume, and a confirming down move in KST
puts the market in a precarious position.
Traders should be aware that this is the same pattern
the" false upside breakout"...
that proceeded the 1987 US stock market crash.
4540.26 3 PM OPEN
THE_UNWIND
WOODS OF CONNECTICUT
and the accompanying bearish "break back" in the prior pattern
shown here on the 15 Minute Chart
with a pick up in volume, and a confirming down move in KST
puts the market in a precarious position.
Traders should be aware that this is the same pattern
the" false upside breakout"...
that proceeded the 1987 US stock market crash.
4540.26 3 PM OPEN
THE_UNWIND
WOODS OF CONNECTICUT
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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.
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.