Bearish setup in S&P500.
There was a -ve divergence, and the price had hit the trend line before the selloff in March. The setup is repeated, along with an expanding triangle pattern. It may give a throw over of a few % above the trend lines before going down.
There was a -ve divergence, and the price had hit the trend line before the selloff in March. The setup is repeated, along with an expanding triangle pattern. It may give a throw over of a few % above the trend lines before going down.
Trade closed: stop reached