Possible Bearish Continuation For Stocks for OANDA:SPX500USD by RandomOracle

Possible Bearish Continuation For Stocks

Following on from my previous stock ideas, I'm expecting a further downswing after the consolidation bounce on most stocks for a Wave 'C' once the bearish continuation symmetrical triangle breaks down
Waiting for directional break currently

SPX 2-Week Rising Wedge Alongside Bearish Divergence

Nasdaq Global Market Composite 3-month Exhausted

Dow Jones Global Index Bearish Weekly Setup

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with the latest bounce from support (wave B)
It is the perfect time for another wave of bearish pressure to ensue from here
The chart will lead the news, down movement starting before the news hits

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Breakdown occurred, could see some support on the weekly for now with a 'retest' of the previous lower support line from the triangle before breakdown continuation

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slow and steady decline for now

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This is the area we can expect to hold as support, could be some extended green activity amongst the stock market in the coming weeks

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Related charts are scattered throughout this idea:

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