FX:SPX500   S&P 500 index of US listed shares
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is there a Bullish possibility? Sure. But there is a LOT of damage to charts to my eyes. Losing the 100wma on a closing basis is NOT bullish . Once this current pattern (BAT) fulfills, I'll look for and trade patterns for upside on intraday charts. If I don't see any - I won't assume we go up just because "that's what the market does."
Thanks for your insight. These are big changes, and getting a handle on things now is difficult at best. But trend is your friend still seems to work, until the next new trend.
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