Index correction. Short SPX Patterns Short

S&P 500 index of US listed sharesFXCM

Description

⋅ Jul 13, 2017 9:33 PM

https://www.tradingview.com/chart/yUlUKfrU/

I had detected this pattern a while back. I will link the idea from early June to this one. The pattern is the same. Illustrated with lines to identify properly.

I will add more info in chart regarding target and time it might take to come down. It appears it also forms a large HS formation.

s3.amazonaws.com/tradingview/snapshots/0/0rcXOG6i_thumb.png Pattern observed during the last quarter of 2014.

s3.amazonaws.com/tradingview/snapshots/c/CNWHu2qd.png Levels I think it is going to visit.

Comment

⋅ Jul 13, 2017 9:35 PM

s3.amazonaws.com/tradingview/snapshots/c/CNWHu2qd.png possible targets

Comment

⋅ Jul 13, 2017 9:35 PM

s3.amazonaws.com/tradingview/snapshots/0/0rcXOG6i.png

Comments

RyanVarghese

⋅ Jul 14, 2017 3:42 PM

In the money now?

MartinX

⋅ Jul 14, 2017 12:38 AM

I generally agree, but I would only short if there is stronger spike upwards in the coming days or weeks.... which I believe will happen... and then safe short in cards

Bastosai

⋅ Jul 13, 2017 9:45 PM

Thanks for your idea, I will study it with my strategy but you have a good finding here.

ShPro

⋅ Jul 13, 2017 9:51 PM

@Bastosai, Thank you. Lets see how it works out. Success to you.