KhanPhelan

Possible Head & Shoulders in the SPX weekly

SP:SPX   S&P 500 Index
last week, i mentioned a possible max drawdown around $4000 in March 2022 (Big gap in $SPY). There might be a possible H&S with a downside continuation once the right shoulder is finished. Would fit into the schedule of the first rate hike in march.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.