themarketzone

Bullish pattern completes right on the top of support zone

FX:SPX500   S&P 500 index of US listed shares
Yesterday's winner was the bearish Bat I posted here that sent $SPX             from the trading range top (2110$) to the bottom of the range today (near 2070$).
Now we have a bullish pattern towards tomorrow's NFP.
Completion near 2070$ and potential targets are 2080$, 2088$ and 2100$.
Notice that we are really close to the 200 SMA line (see on daily chart ).

Notice - This is short term setup, just like yesterday's setup.
I'm bearish $SPX             and tomorrow might be the day that will send $SPX             below 2060$ .. finally...
but a pattern is a pattern and I thought I should show you, in case you are a bull , seeking buying opportunities.


The very same view on this --
snapshot
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Nice, I was looking at this as well, but using other disciplines. Waiting to go long.
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I really want to see that support zone breaks, but for now it has proven as strong buyer zone so it may work.
Good luck
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IvanLabrie PRO themarketzone
Dow Jones Industrials: Downtrend until the 14th
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