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st3wang

S&P Forming A Bullish H&S

S&P 500 Index (SP:SPX)  
st3wang Updated   
SP:SPX   S&P 500 Index
Trend Analysis Head and Shoulders Technical Indicators
2
1
trendanalysis headandshoulders indicator
S&P is forming an bullish H&S.
Watch out for a local support zone at 2710-2730.
If it bounces from there, together with the indicator divergents, S&P can break the resistance and go up to test the new high.
Trade closed: stop reached:
S&P broke the local support zone, invalidating the potential H&S. It's now testing the Support Zone 1 and will probably go down to test the Support Zone 2 soon.
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