FX:SPX500   S&P 500 index of US listed shares
193 2 9
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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