One More Day But SP Still Looks MISERABLE At The End Of The Day
SHS & Dead Cat Bounce
Most of the miserable history of the SP is told by the above chart but here a resumé:
I see:
A symmetrical SHS
Fib time zone adds to the overall picture of bearishness.
Shoulder, Head & Shoulder fits well with fib time zone and the cycle.
Trendline from top and the 61.8 retrace ending up in fib zone time 5
Neckline at the 2,070 handle.
Price wil until breakdown possibly bounce as a dead cat within the 61.8 retrace of top and the neckline.
As I stated in one of my other charts.. Keep on being bullish as long as bulls are breathing... I see that will come to and end within the next month. Fib zone time and cycles suggest in the 2nd week of juli
Trade what you see...best to your trading!
BLawrenceM
Music at work:
youtube.com/watch?v=zp-f-Pwpu9E
open.spotify.com/track/4ebEVhWoJ35j4XcG9i5Tbu
Most of the miserable history of the SP is told by the above chart but here a resumé:
I see:
A symmetrical SHS
Fib time zone adds to the overall picture of bearishness.
Shoulder, Head & Shoulder fits well with fib time zone and the cycle.
Trendline from top and the 61.8 retrace ending up in fib zone time 5
Neckline at the 2,070 handle.
Price wil until breakdown possibly bounce as a dead cat within the 61.8 retrace of top and the neckline.
As I stated in one of my other charts.. Keep on being bullish as long as bulls are breathing... I see that will come to and end within the next month. Fib zone time and cycles suggest in the 2nd week of juli
Trade what you see...best to your trading!
BLawrenceM
Music at work:
youtube.com/watch?v=zp-f-Pwpu9E
open.spotify.com/track/4ebEVhWoJ35j4XcG9i5Tbu
Website:
Instagram: instagram.com/CoinedByCrypto
Twitter: twitter.com/CoinedByCrypto
Instagram: instagram.com/CoinedByCrypto
Twitter: twitter.com/CoinedByCrypto
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