Get started
SPDR S&P 500 ETF TRUST
Short
Updated

S&P Warning This is not a drill !

580
S&P failed to break above the trendline, RSI & MACD both indicate reversal in play. We are ready for final wave 5 to complete this bearish megaphone pattern.

Please be careful out there.

Note
Seeing similar reversal setups in DAX, Nikkei, Euro Stoxx 50, XJO, IBOV, MOEX, KOSPI, HSI.
Note
Futures plunging, Trump tested positive for covid-19.
Note
S&P unfilled gaps below: 2865, 2538, 2300
Note
One of the nuances that has me cautious is the VIX failing to make lows as SPX headed higher....
Gao_Capital
Bearish PatternsChart PatternsDOWTechnical Indicatorsnasdaqriskrussell2000S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend AnalysisVIX CBOE Volatility Index

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.
Bearish PatternsChart PatternsDOWTechnical Indicatorsnasdaqriskrussell2000S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend AnalysisVIX CBOE Volatility Index
Gao_Capital

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.