proxynoorigin

[UPDATE] SP500 pattern similarities 2015-2011

FX:SPX500   S&P 500 Index
0
Looks like price made it's needed retracement to stay in its' similar sync with 2011. Maybe a flush down move to 1900-1880 to convince the conservative 'retail crew' that this is THE selloff they've been waiting to get short for. Only to see price rebound back to the 2000 area. Or maybe tomorrow will be a face rip reversal back up to 2015ish.

Note how the RSI has dipped below the down trendline similar to 2011.
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.