PawelBanachowicz

Shorterm MEGAPHONE on SPX

Short
FX:SPX500   S&P 500 Index
Correct me if I'm wrong but I see:

a - bottom support
b - top support
c - megaphone pattern
d - cycles (blue lines)

So I see such scenarios:

D - PRINT PRINT PRINT by FED friends and rise right to the moon ;)
C - small correction and then moon

A & B - Big drop as shown, with crash perspective

SL 2248 or none
TP 1970

RR ratio: 3.13

Please let me know what do You think guys.
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.