Bello-swings

SnR, fib and trendline

EIGHTCAP:SPX500   S&P 500 Index
on monthly price couldnt break the previous high before going bearish, is this just a pull back or a start of bearish trend only time will tell until then we will only trade what price shows us. a break of this trendline will means all the bearish movement was just a pull back but if price is rejected from there then that means the bearish move is still alive. will wait for price reaction there before knowing what to do next

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.