Hello everyone!
Another TA on the S&P500. In my opinion I believe that the future is in a delema! after the two completed bear flags ( currently not marked out) the S&P has formed a cup and handle pattern ( bullish) after this pattern completes it will probably rise and try to break the resistance but so far this is a strong risistece hasn’t been broken to othe bull runs. If it fails to break again it confirms the down trend from the decending triangle. A more technical Analysis update (RSI and other indicators) will be added soon.
Act with caution and don’t forget to like and follow for more updates!
If you want a stock charted msg me the ticker.
Another TA on the S&P500. In my opinion I believe that the future is in a delema! after the two completed bear flags ( currently not marked out) the S&P has formed a cup and handle pattern ( bullish) after this pattern completes it will probably rise and try to break the resistance but so far this is a strong risistece hasn’t been broken to othe bull runs. If it fails to break again it confirms the down trend from the decending triangle. A more technical Analysis update (RSI and other indicators) will be added soon.
Act with caution and don’t forget to like and follow for more updates!
If you want a stock charted msg me the ticker.
Comment:
Pattern still holding not yet broken out to challenge risistence