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S&P 500 Index
Short
Updated

Rounding off

223
SPX forming a bear wedge (in green) which might lead to another leg down further developing this nice rounding top. However, I think as it would head back to the 2600 region, getting plenty excited for a retest of crisis lows it would break out and continue recovery. I posted a similar chart on LTC a while back and it too ended up breaking out of the n shape and going on a nice run
Note
snapshot
pennant formed on 30 min timeframe. Likely to break up and test the curve.
Note
snapshot
Bullish break with the retest complete. EOD pump/dump will be key
UnselfishStops
breakoutChart PatternsS&P 500 E-Mini FuturesSPX (S&P 500 Index)S&P 500 (SPX500)US SPX 500SPDR S&P 500 ETF (SPY) StockstradingTrend Analysis

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breakoutChart PatternsS&P 500 E-Mini FuturesSPX (S&P 500 Index)S&P 500 (SPX500)US SPX 500SPDR S&P 500 ETF (SPY) StockstradingTrend Analysis
UnselfishStops

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.