TRDVMA

A possible Head and Shoulders at SP500

TRDVMA Updated   
FX:SPX500   S&P 500 Index
6
Neckline still not broken. Price at the top wedge channel line with heavy resistance. Possible target shown on chart. Don't forget that Head and Shoulders are very potent formations. Not the time to buy SP500 for sure. Good trades.
Comment:
waiting for a pierce through the neckline of the H&S formation. The stronger the thrust, the stronger the bear ahead. We'll see.

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