pipstrading

S&P500, breakout of expanding triangle

FX:SPX500   S&P 500 index of US listed shares
189 2 8
I have been holding a very bearish view on S&P 500             .
However, today's breakout of the expanding triangle is quite bullish . Let's see how the market react these 2 days.

RSI still have divergence. Oil             is still dropping. holding bearish view on this index for now.
breakout was on weak volume. Thoughts?
Reply
pipstrading bdbbuddy19
yes. break with decreasing volume. but still have not seen any reversal signal yet. Today will be critical.
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