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S&P 500 Index
Short
Updated

SPX500: Geometry based target

202
An interesting set of proportions to say the least. No proven basis to trade on this, but I'm curious to see whether it plays out.
Note
Geometry has not failed me. Simply, I failed myself. I thought the pattern between the teal colored vertical lines had represented accumulation. Uncertain, but perhaps the pattern between the green lines is accumulation. Regardless, Bears should be happy to see that bounce off that support (resistance to bulls) line.
Note
snapshot
Teklologist
SPX (S&P 500 Index)S&P 500 (SPX500)spx500shortUS SPX 500spxshortSPDR S&P 500 ETF (SPY) spyshortTrend Analysis

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SPX (S&P 500 Index)S&P 500 (SPX500)spx500shortUS SPX 500spxshortSPDR S&P 500 ETF (SPY) spyshortTrend Analysis
Teklologist

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.