FX:SPX500   S&P 500 index of US listed shares
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I have bearish view on S&P500             , but the recent rally is quite bullish . Is this a bullish flag?
This rally has been extremely bullish, but it is at the top of a two year range. Could continue to break through, but the odds are against it. We will see when (if) a topping pattern of some kind develops (at the very least some sort of double top, or other range).
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pipstrading MichaelRudelich
6 months ago
yes. i have been waiting for the reversal signal for long. i thought yesterday could have a chance to turn into a red candle to match with the previous shooting star (7 Jun) but failed. anyway, volume is decreasing
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