Get started
Jason7sc

SPX500 - Possible Head and Shoulders

Short
S&P 500 Index (FX:SPX500)  
Jason7sc  
FX:SPX500   S&P 500 Index
SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)
4
0
spy spx500
Possible head and shoulders forming on SPX500 after a rejection at a falling trendline. If the pattern completes, look for downside targets on the way to 1960.

Also note the increasing volume on the downside, indicating a bearish appetite, and decreasing volume on the upside.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.