The false breakout above S+P 4580 today,
and the accompanying bearish "break back" in the prior pattern
shown here on the 15 Minute Chart
with a pick up in volume, and a confirming down move in KST
puts the market in a precarious position.
Traders should be aware that this is the same pattern
the" false upside breakout"...
that proceeded the 1987 US stock market crash.
4540.26 3 PM OPEN
THE_UNWIND
WOODS OF CONNECTICUT
and the accompanying bearish "break back" in the prior pattern
shown here on the 15 Minute Chart
with a pick up in volume, and a confirming down move in KST
puts the market in a precarious position.
Traders should be aware that this is the same pattern
the" false upside breakout"...
that proceeded the 1987 US stock market crash.
4540.26 3 PM OPEN
THE_UNWIND
WOODS OF CONNECTICUT