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S&P 500 Index
Short
Updated

Be careful! SPX500 might form a bearish bat pattern

75
After a bad performance in FEB, SPX500 continue to rise , attempt to reach a new record high level. I don't know whether it will come ture. But a see a potential bat pattern on it. D shuold be near 88.6% of XA and 1.618-2.618 times of BC, that is the requestment of bat pattern. Now, on this chart, D is 1.618 times of bc as well as 0.886 times of XA. If the price reach there, watch out for the price action, catch a good chance to sell
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yitiancai
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Chart PatternsHarmonic PatternsS&P 500 (SPX500)Trend Analysis

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Chart PatternsHarmonic PatternsS&P 500 (SPX500)Trend Analysis
yitiancai
Also on:

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.