The S&P's price wasn't admitted back to the blue fork, which means the bearish trend is quite strong. It has also failed to reach the red median line nor 38.2% of the prior swing's down, which adds evidence to the bearish scenario. If it keeps climbing higher though, I'd expect a bounce off of the red upper median line parallel.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
