S&P’s BEARish Resistance

CME:SP1!   S&P 500 Futures
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.
Aug 01
Comment: As predicted, that top of the Megaphone is extremely BEARish!

Aug 05
Comment: BEARy bad for the Bulls, right now.


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