Get started
TradingSurfers

Zooming in the SPX. Black Friday incoming? Or Another Bear Trap?

Short
S&P 500 Index (OANDA:SPX500USD)  
TradingSurfers  
OANDA:SPX500USD   S&P 500 Index
Technical Indicators Chart Patterns Wave Analysis SPX (S&P 500 Index) S&P 500 (SPX500) US SPX 500 spx500short SPXS spx500long elliottwaveprojection elliotwaveanalysis
11
5
indicator chartpattern waveanalysis spx spx500 spx500usd spx500short spxs spx500long elliottwaveprojection elliotwaveanalysis
One higher high left on the 1H TF? This upward correction looks more like a B than a 2.

2H bearish divergence on the RSI.
1H bearish divergence on the MACD.
Currently at the trend-line. Now or never for the bears?
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.