The_Unwind

S+P 500 WHIPSAW " V " Bottom or Double Top Reversal ?

SP:SPX   S&P 500 Index
108 0 3
S+P 500 has charted a remarkable V Bottom formation in the last two weeks.

Last week breaking 2900 after making all time highs.
This week finding major price support at 2867, and simply going right back
up to challenge the all time highs

The month of September has applied maximum pressur on the Bulls last week,
and the mirror reflection happened this week, doing the same thing to the Bears.

Downright nasty trading for both the bulls and bears
especially considering this happened from historic all time highs
in late August.

Thus far this week, the 2 Hour VIX             chart is completely confirming this rally back to old highs
Pattern suggests a breakout of all time highs at 2916.50,
could target 2970 as the next measured upside target.

THE_UNWIND



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