SP500 Update: Bearish Alt Bat and decision time
Updated
Inverse Head and Shoulders' targets were filled in.
Price filled the alt bat pattern as predicted.
The pattern is working and the price dropped 40 points.
Here we have EMA 50 - SMA 200 Suport
3840 - 3828 horizontal support zone.
Cycle Sniper H4 Smaller periods in overbought, bigger periods close to 0.
Closing below the horizontal support is needed for bearish continuation. Targets as mentioned. ( Potential Nen Star is shown )
If the price rejects and holds above the support, upside levels as mentioned.
Today's Fundamentals to trigger both ways:
1- US 10 YR NOTE AUCTION
2- US CPI
Good Luck!
Price filled the alt bat pattern as predicted.
The pattern is working and the price dropped 40 points.
Here we have EMA 50 - SMA 200 Suport
3840 - 3828 horizontal support zone.
Cycle Sniper H4 Smaller periods in overbought, bigger periods close to 0.
Closing below the horizontal support is needed for bearish continuation. Targets as mentioned. ( Potential Nen Star is shown )
If the price rejects and holds above the support, upside levels as mentioned.
Today's Fundamentals to trigger both ways:
1- US 10 YR NOTE AUCTION
2- US CPI
Good Luck!
Note
the first target is achieved... let's see if it is a double top or bullish breakout towards 4000.
For alerts,special reports,news and singals over 15.000 + instruments our free discord channel
discord.gg/4DrmXHfvnG
About AI Discord Channel: bit.ly/470HjmP
Ücretsiz Discord Kanalımız
discord.gg/4DrmXHfvnG
discord.gg/4DrmXHfvnG
About AI Discord Channel: bit.ly/470HjmP
Ücretsiz Discord Kanalımız
discord.gg/4DrmXHfvnG
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.