INDEX:SPX   S&P 500 Index
256 3 5
Updated notes on chart
stagalog
2 years ago
Like your analysis and I agree that if price stays below what looks like a H&S pattern it probably gets down to around 1760. Assuming it gets to this level of the 50ma and rising trend line support I won't be surprised by a bounce as every single key level dip has been bought the entire year. Also, this level represents the most recent consolidation area in Oct/Nov. Perhaps a break below this area will represent a sea of change... at least for a bit.
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KLang PRO stagalog
2 years ago
At the very least we get 1760 - although 1743 is the mm of the confirmed HS pattern
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BEI KLang
2 years ago
I agree at least ma50 daily, after that might jump for a week even more if December rally but I believe real bounce to buy is further 172-173. Nice charts keep up good work
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