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FTE1995

SPX - UPDATE: Formed 2nd shoulder of H + S, approaching neckline

Short
S&P 500 Index (SP:SPX)  
FTE1995 Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Harmonic Patterns
11
0
trendanalysis chartpattern harmonicpatterns
- S & P 500 has formed its second shoulder of a Bearish H + S formation at the 2740 resistance ( Previous support)
- Currently approaching neckline resistance
- Watch for a break + possible retest of this level before entering short
- Price could bounce from this level before dropping too

THIS IS NOT TRADE ADVICE NOR A TRADE CALL
Comment:
- Price has now broken below the trend-line in a dramatic gap down
- Wait for close on 4h/daily to confirm
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