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capri123

SPX ST - second leg?

S&P 500 Index (FX:SPX500)  
capri123 Updated   
FX:SPX500   S&P 500 Index
Trend Analysis Chart Patterns SPX (S&P 500 Index)
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trendanalysis chartpattern spx
- the rebounce looks like a flag to me
- should the bull failed to breakout the resistance 2700ish i expect one more leg down and then we will see if there is double bottom can be made which is very bullish afterward?
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- priced failed at 50DMA and i stil expectl a lower leg
- VIX term structure is still backward so market still lure as much BTFD as possible i believe .. when M1>M2 i will keep cautious
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key time ...
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goes as expected. Should market reverse near here or the dive not yet over
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down slope is getting crazy .. probably close
Trade closed: target reached:
second leg target reached
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