FX:SPX500   S&P 500 index of US listed shares
Price is being constantly rejected from the fork line. Obviously, market sees that line but MACD is not divergent yet and the downtrend line hasn´t been reached either.

Last two fact open possibility for short-time longs, specially when we know that oil             is adding green candles since days ago.

Bud I´d be careful with long time longs as bears probably haven´t said their last word
Comment: Another day closed below the fork line but, once again the 2150 level resisted.

As per a chart below, this can be a beginning of a new bullish rally, having 2220 as first target
Comment: S&P approaching the trendline from the beginning of the year. By the same way we haven't got any confirmation on a possible Bull run on Monday and Tuesday, we haven't got a confirmation of a bearish run yet.

The hypothetical triangle has already been broken to the upside and to the downside which means the should be another pattern of a bigger extension.

Let's wait for today's close: Bulls have missed their option and now bears have this real option to turn the things in their favor
Comment: Closed a week below black trendline. Is this it?
Comment: So far so good
captain_smollett PRO captain_smollett
Triangle completed, no divergences and Butterfly pattern perfectly valid. Ready for a bull run!
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