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themarketzone

Warning Signal? False Breakout

S&P 500 Index (FX:SPX500)  
themarketzone  
FX:SPX500   S&P 500 Index
Trend Analysis Chart Patterns Triangle SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) falsebreak
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trendanalysis chartpattern triangle spx spy falsebreak
SPX with a false breakout.
SPX price is back inside the Triangle pattern following an attempt to break out of the downtrend line.
The support zone will be tested next.
Breakdown of the support zone can lead to a massive sell-off in SPX
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