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ChartArt
Dec 3, 2015 5:28 PM

Super bear double top pattern on weekly confirmed. Short

FX:SPX5001D
S&P 500 index of US listed sharesFXCM

Description

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So many bearish signals in just one chart. Let me list them for you:

  • MACD bearish
  • RSI bearish
  • Stochastic bearish
  • Bollinger Band midline ("SMA20") bearish
  • Price below weekly pivot, bearish
  • Price below monthly pivot, bearish
  • Double top on the weekly chart, super bearish


I'm short since 2085 with target 2045 or lower (depends), see my chart from market open:


P.S. Update 10 minutes later: The downtrend could take a pause here around 2060, but overall still bearish:

Comments
FluidicFX
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With a little help from Super Mario.
ChartArt
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Double top visualized with two green flags:

Mertz74
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and then a bounce off the 61% retracement... And people thought it was NFP or Draghi.....
LastBattle
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:bear: :doom:!
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