WallStScalper

One More Day But SP Still Looks MISERABLE At The End Of The Day

FX:SPX500   S&P 500 index of US listed shares
624 3 13
SHS & Dead Cat Bounce

Most of the miserable history of the SP             is told by the above chart but here a resumé:

I see:
A symmetrical SHS            
Fib time zone adds to the overall picture of bearishness.
Shoulder, Head & Shoulder fits well with fib time zone and the cycle.
Trendline from top and the 61.8 retrace ending up in fib zone time 5
Neckline at the 2,070 handle.

Price wil until breakdown possibly bounce as a dead cat within the 61.8 retrace of top and the neckline.
As I stated in one of my other charts.. Keep on being bullish as long as bulls are breathing... I see that will come to and end within the next month. Fib zone time and cycles suggest in the 2nd week of juli

Trade what you see...best to your trading!
@BLawrenceM

Music at work:
https://www.youtube.com/watch?v=zp-f-Pwpu9E
https://open.spotify.com/track/4ebEVhWoJ35j4XcG9i5Tbu
Wall St Scalper
Zoom in chart and a correcet fib from 2137.01 Gives a messured harmonic ABCD target at 2003.2
snapshot
Reply
CoolCreekCTA
a year ago
I think you are correct to be short term bullish. I think S&P can go up to 2097-2104 on Tuesday but as I said earlier today i think it will be a bull trap and then we drop 50-80 pts from close tomorrow until expiration Friday unless Fed or IMF makes some BIG news. Good luck.
+1 Reply
WallStScalper PRO CoolCreekCTA
a year ago
Thanks Same to you
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out