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MonetaryRebel

Selloff Started

Short
S&P 500 Index (TVC:SPX)  
MonetaryRebel Updated   
TVC:SPX   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators SPX (S&P 500 Index) S&P 500 (SPX500) spx500short SPDR S&P 500 ETF (SPY) spyshort index
5
3
trendanalysis chartpattern indicator spx spx500 spx500short spy spyshort index
We've broken the major support line for our uptrend, implying that the bulls are no longer in power. Watch the weekly candle that will close soon. It looks like a bearish engulfing weekly candle that could engulf the last 2-3 weeks.

I am a bear. Keep that in mind, BUT, look at it!

(Not financial advice)
Comment:
Comment:
If we close at this level we will have bearishly engulfed 8 weeks worth of price action. That's huge.
Comment:
snapshot
Retesting the broken upward trend support that is now resistance

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