S&P 500 IndexShort
[SPX] Today we Embark on our Descent from the Megaphone Top
Price fell short of the top of the blue 2Y peak channel and dropped like a rock.
Probably we get more selloff tomorrow before retracing for a bit.
We'll see some major fluctuations the next month but the fate of the market is now sealed.
Price should struggle to break back above the converging yellow 5Y peak channel and light blue 2Y peak downtrend.
Probably we get more selloff tomorrow before retracing for a bit.
We'll see some major fluctuations the next month but the fate of the market is now sealed.
Price should struggle to break back above the converging yellow 5Y peak channel and light blue 2Y peak downtrend.
Data analyst with a passion for best fit lines B)
Related publications
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.