S and P .. climax?S and P is forming a rising wedge at the highs.. not a good sign.
the break down can be quick if and when it decides to break..
SP500FT trade ideas
S&P 500 Index | Head & Shoulder Pattern observedHead & Shoulder pattern observed in S&P 500 Index. Should the pattern confirm by breaching 2800 on closing basis, one can expect the index to fall towards 2645.
En route 2720 area is a visible support for shorts to be wary of.
S&P 500, DJIA,NIFTY 50,BANK NIFTY , ANY IDEAS ??
BEFORE ELECTION IS EVERYTHING ALREADY DISCOUNTED OR WE ARE IN FOR SOME HUGE SHORTS.
Watch out for US markets Technically looking bearish for short term. However, trump came up with a tweet yesterday : "If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!"
Last time when he tweeted something like that we got sudden up move. Let's see what happens this time.
s&p 500 chart analysisso the November crash will not start bear market i think since market has already retrieved by 2/3 portion of value that is clear picture of market but we cant be assure about since this is Mr market
for more analysis follow my page on instgram
SPX, Double Top formation on weekly Resistance areaGood time to go short, with the stop above 2700.
T1- 2450
T2- 2200
S&P 500 - Verge of Breakout - Chart PatternsS&P 500 index is at the verge of a flag breakout on the 15 minutes TF.
Targets are near 2570.
Wait for confirmation by the next candle, and a mostly probable retest of the resistance turned support before entering.
First SPX market FibFirst SPX market Fib. Will hold my positions and pay attention to Feds statements as well as trade war with china.
