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laminaytrap

SPX Target - if pivot takes

Short
S&P 500 Index (SP:SPX)  
laminaytrap Updated   
SP:SPX   S&P 500 Index
Pivot Points Pitchforks SPX (S&P 500 Index) Bearish Patterns pitchfan
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pivotpoints pitchfork spx bearish pitchfan
Seems reasonable to say that we are bouncing right around the high end of the pitchfork for the SPX bear trend. Also the recent swing high tapped and two sequential pitchfans align at this level, will be interesting to see if we push through or try for a median on the main trend. Significant moves above 4500 would make me skeptical, and a move above 4640 would invalidate the fork. Netflix's continued meltdown is certainly not a bright omen.

DYODD - No advice here, going to be interesting

Comment:
Also we are riding the 1.618 fib channel down.

Interesting position relative to 1.618 Fib Channels
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