themarketzone

Above 2000 again - Two bearish harmonics near 2050

FX:SPX500   S&P 500 Index
$SPX             is back above 2000 again.
Since it's double bottom near 1880, it rallied straight to 2000 without even looking back.
1980 -2000 is the nearest support zone now and potential buy zone in case of short term pullback.

The more interesting scenario now is the bearish one, if and when $SPX             will reach the 2040-2060 zone.
Depending on where you pull the pattern from (X points), there are two potential targets between 2045 and 2065.

Potential targets for the bearish Gartleys - 2000, 1980 and 1950


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Comment: $SPX reached final target level - Enters the sell zone before FOMC
This rocketed today and again after hours, any updated charts anyone?
Reply
Now inside the sell zone. Will be interesting to see tomorrow's price action. 2060 is the top of my resistance zone.
+1 Reply
Great.
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muslim_islam14 IvanLabrie
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