SPX500 MAX & MINI SHARK PATTERNSIn SPX chart there is a resistance on C point 1.13 Fibo. it can lead index to go down to one of the two D points.
Standardandpoors
long above 2105 short below 2080 at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long side all time high short side around 1600 area would be kind of an ideal target for LONG time swing long !!
SPX500 mid to longterm SHORT bearish Cypher, longterm resistanceSPX500 mid to longterm SHORT bearish Cypher, longterm resistance
In my scenario the SP500 and markets im general might shoot their last fireworks to
have a final champagne party on Mario Draghi and the ECB 0% interest rate medication.
However the longterm resistance line from May 2015 high is coming southwards, looking to meet
our curve around 2080 levels with RSI and stochastics in the daily chart hinting at a possible deeper decline,
with 1st support being seen in the red uptrendline from march 2009 lows and the 0.23 fib support at around 1785.
Please see this information as a theoretic example and not a trade idea.
Make your own analysis and plan your trade thoroughly and well-slept.
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S&P Continues to show bearish pressure. Key 1920 line could failS&P still showing signs of bearish pressure. We've blasted through the 50/60 ema and are flirting with the 1920 which has been holding since mid 2014. Seeing a nice curve top which could indicate a downward move that may brake this line. Also showing MACD divergence. If this heads down to the 200/250 ema we may be in a full pull-back. Looking at the monthly and yearly charts we can see that we're probably do for a big pullback.
