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themarketzone
Apr 24, 2018 6:58 PM

Warning Signal? False Breakout 

FX:SPX5001D
S&P 500 index of US listed sharesFXCM

Description

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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
Trend AnalysisChart PatternsTriangleSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) falsebreak
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