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S&P’s BEARish Resistance

Обновлено
Back in September ‘18, a proper correction took place after a second attempt against this BEARish Resistance. Today, nearly a year later, we are approaching the same level of resistance; what do you think is going to happen?

With it’s current range, between the BEARish Resistance and the Red Support Line, a prominent “Megaphone” pattern has formed; usually signifying: “Attention: GET OUT WHILE YOU STILL CAN!”

That said, I believe the market is due for a major correction towards the Red Support Line.

Trade well my friends.
Заметка
As predicted, that top of the Megaphone is extremely BEARish!

снимок
Заметка
BEARy bad for the Bulls, right now.

снимок
Bearish PatternsChart PatternsTechnical IndicatorsmegaphonepatternS&P 500Trend Analysis

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