S&P 500 IndexShort
Testing 100% extension.
S&P is testing 100% extension of prior June Low - July High - August Low move @ 3121.
S&P is trading within a Schiff Pitchfork, drawn form 2019 Low - May high - June Low.
There is still some room for further upside, but it looks pretty extended @ the moment.
Possible pullback area ~ 3000 or descending slope.
4-Hour Chart
S&P is trading within a Schiff Pitchfork, drawn form 2019 Low - May high - June Low.
There is still some room for further upside, but it looks pretty extended @ the moment.
Possible pullback area ~ 3000 or descending slope.
4-Hour Chart
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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.