FX:SPX500   S&P 500 index of US listed shares
209 5 8
Chart looks dangerous
-upmove on lowest volume
-divergence
-high speed of down and upmove after Brexit looks not healthy
-bearish pattern on monthly chart

This music will not be forever, one break below blue line, and downside will be quick.
See just two main levels before spx             will go to new monthly lows.
-1966
-1877

Don't want to give patterns how it can be played out on this chart to show pure view of situation, just can say
ab=cd or shark .

Suppose, today was high for a long time.

Comment: interesting, when it'll reach 2114 today or on Monday
snapshot
Comment:
snapshot
Comment: looks like move starts-no support before 2089, will be interesting
Comment: 1 /x/oQs8rzC3/#

2 variant-2166-2089-2117-1990
Julia, love your charts u post. but need to ask you couple of questions
1) some people are saying from 2084 or 2100 will go to 2200 . I under stand your first chart from 2084 to 2120 and then to 2000
2) if 2000 is not broken, some saying going to 2300.
but your shark patterns are not saying that
3. unless there is some really bad news, coming to 1985 and 1873, looks hard right now
Reply
julia17 RRose
RRose, thank you.
Here is main shark pattern I trade till 1873
snapshot


Then bounce till 1990 and long term downtrend will start, monthly chart.
snapshot


So, I see no pattern which can reverse spx from 2000 up again.Looks like we can reach 1985 (on H@S on daily)then bounce not higher 2030 and drop to 1873.
Reply
RRose julia17
thanks Julia, you are the best. so much of bullish sentiment, fear/greed at 90%, It looks not possible to go to 2300. Even now, they are saying correction to 2085 and then 2200. But will definitely need some bad news to break 2000.
Reply
julia17 RRose
yes, RRose, some news need, charts often show direction first and then news appear, will wait)
Reply
RRose julia17
Julia any update on this, it wont fall even 10 points
Reply
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