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S&P 500 Index
Short
Updated

SPX May Complete a Bearish Cypher Pattern

213
This morning SPX completed a bullish AB=CD at the C point of this Cypher. It now looks as if it can complete the bearish Cypher shown in the chart. There is a confluence with descending blue trendline which is from SPX all time highs. This risk:reward is not great but it is potentially a good short entry for a deeper SPX correction should one happen
Note
snapshot

Would be a nice scenario
SharkbaitAl
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CypherSPX (S&P 500 Index)S&P 500 (SPX500)

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CypherSPX (S&P 500 Index)S&P 500 (SPX500)
SharkbaitAl
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.