3 Drives on the 15 that caused the pop....

FX:SPX500   S&P 500 Index
210 9 2
3 drives pattern on the 15 then pop went then the squeeze....
Head and shoulders formation, so you can buy, with target 1914 and stoploss under shoulder (1840)
climbing_stars peter.kralmail
If you are talking about what I think you are, that is a steep neckline. I would be very cautious with that trade...
peter.kralmail climbing_stars
Yeas I was talking about step neckline. It is risky trade, depends on timeframe. I usually trade it on H4 and higher
I keep an eye on the TRIN and it had dropped from slightly bearish at the open to neutral/bullish by 11:30 or so.
climbing_stars ComebackKing
Do whatever works for you.
surprised me...
climbing_stars Rob Wallace Williams
Yeah, the velocity at which it popped was intense....
What's the next move?
climbing_stars MatchPoint518
I believe we could get a relief rally, but who knows... S&P against some tough resistance on the larger time frame... We are still in a downward channel... We will see if it can break through...
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