The_Unwind

S+P 500 LOCKED.. IN A MULTI DAY 20 HOUR DECLINE from 2475

Short
TVC:SPX   S&P 500 Index


OF NOTE : The S+P 500 is currently LOCKED in DECLINE on both a 4 HOUR and 2 HOUR Chart for 20 Trading Hours !

The Sell Off in the last 30 minutes of trading today, KEPT THE PATTERN IN PLACE for the weekend.

Put another way, the BULLS in the S+P are locked in a BULL TRAP

and... have to face the weekend in that very uncomfortable position.

Break of 2430 in the last 30 minutes of trading today was BEARISH.

Retest of 2420.69 8/18 Low probable on 8/21 Solar Eclipse !

Have a Good Weekend,

THE_UNWIND
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.