The early post Memorial Day rally in stocks
faded like clouds taking over a blue sky day at 2840 resistance
and this afternoon, major big money selling pushed the S+P 500
right back down the channel towards neckline pattern support at 2800.
Bullish investors and traders now face the prospect,
of having to hold long position's overnight,
where the possibility of a sharp gap down open tomorrow
below 2800 certainly exists.
Included here in the Line/Break Chart I have been showing you,
which measures closing prices on a Daily Bar Chart for the S+P 500
You can clearly see in the chart shown here, the latest red bar,
a clear bearish breakdown bar, now moving straight back down the chart.
Critical big money test of S+P 2800 support
will come overnight tonight in futures, and tomorrow at the exchange.
Be prepared
It will not be trading,for the faint of heart.
SPX Last 2802.40
THE_UNWIND
5/28/19
NEW YORK
faded like clouds taking over a blue sky day at 2840 resistance
and this afternoon, major big money selling pushed the S+P 500
right back down the channel towards neckline pattern support at 2800.
Bullish investors and traders now face the prospect,
of having to hold long position's overnight,
where the possibility of a sharp gap down open tomorrow
below 2800 certainly exists.
Included here in the Line/Break Chart I have been showing you,
which measures closing prices on a Daily Bar Chart for the S+P 500
You can clearly see in the chart shown here, the latest red bar,
a clear bearish breakdown bar, now moving straight back down the chart.
Critical big money test of S+P 2800 support
will come overnight tonight in futures, and tomorrow at the exchange.
Be prepared
It will not be trading,for the faint of heart.
SPX Last 2802.40
THE_UNWIND
5/28/19
NEW YORK