CajunXChange

$spx W LIGHT THE CANDLE 1950-1935 prz

Short
SP:SPX   S&P 500 Index
1950-1935 is prz and the last line of support in preventing total carnage. Use Candlestick support to begin my analysis. Oct2014 major low to measure 3 waves w/ wolfe nailing 61fib from oct2014 to ath.
A shark comes into play in mid dec2014, using that nasty wick signalling good support as base for pattern.
These 2 patterns combined w/ confluence of 100sma on weekly draw the line in the sand in my opinion.
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.