We see what appears to be a double bottom pattern on the day chart of SPX.
Future will show if the breakout happens. In order for the downtrend to breakout the volume is very important.That is not the case for the uptrend breakout, since the price can fall down "from its own weight".
If break happens that would be a good buy signal. But one has to pay close attention to the volume bar.
That is not a trading suggestion, only the idea.
Future will show if the breakout happens. In order for the downtrend to breakout the volume is very important.That is not the case for the uptrend breakout, since the price can fall down "from its own weight".
If break happens that would be a good buy signal. But one has to pay close attention to the volume bar.
That is not a trading suggestion, only the idea.