S&P 500 IndexShort
SPX500 - Possible Head and Shoulders
Possible head and shoulders forming on SPX500 after a rejection at a falling trendline. If the pattern completes, look for downside targets on the way to 1960.
Also note the increasing volume on the downside, indicating a bearish appetite, and decreasing volume on the upside.
Also note the increasing volume on the downside, indicating a bearish appetite, and decreasing volume on the upside.
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