ProfitHarvest

[SPX] I Spy With My Little Eye... a 1M BEAR Pennant!

Short
SPCFD:SPX   S&P 500 Index
Conditions are stabilizing again so we avoid a bigger selloff just in the nick of time here but as it stands a close below the tip of this 1M Pennant isn't looking great especially given the multitude of various bearish structures contained within.

Conditions also seem likely to improve the next few days so some bigger down movement may have to wait until next week however this period of downtrend may have already triggered something broader that is now unstoppable.

Next most likely scenario is run up to ATH so stay frosty, we got plenty of trend confirm trigger lines between here and there to milk.

If we do get another ATH , then the following downwave should be something to behold.
Comment: Look at that beautiful double bottom back to Pennant retest...
Comment: Uh-oh, we're breaking under 3760!
Comment: Heiken Ashi lookin particularly devastating...
Comment: Should get a bounce off the 2H SMA 987...

Comments

Well done
+3 Reply
It was great to see your work
+2 Reply
Laser show!
+1 Reply
well done
+1 Reply
inverted H&S 23 Feb - 3 Mar
+1 Reply
ProfitHarvest DaddySawbucks
@DaddySawbucks, Nice try ;)
Reply
DaddySawbucks ProfitHarvest
@ProfitHarvest, LOL going ATH!
+1 Reply
ProfitHarvest DaddySawbucks
@DaddySawbucks, man I wish, a lot of people on that ATH TA, would love to cash another chunk but we got a lot of bearish structures to reverse through and ATH unlikely this month.
Reply
DaddySawbucks ProfitHarvest
@ProfitHarvest, Not in March, but April is always Bullish as Hell.
+1 Reply
This triggered epilepsy i never had before
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out