DSltz

Shooting Star for SPX. Bearish Pattern forming

Short
TVC:SPX   S&P 500 Index
This looks like a correction. We gap'd up and hit resistance at 2994. That rally couldn't get pass the 2994 resistance. If SPX breaks the the support at 2960, I can see the gap getting filled. If SPX does fills that gap and closes below 2930, this will confirm that this was all a corrective move. I want it to close below 2930 to test the deep lows around 2820 WE HAVE TO STAY BELOW 2994. OTHERWISE THIS DOES NOT MATTER AT ALL
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.