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yitiancai

Be careful! SPX500 might form a bearish bat pattern

Short
S&P 500 Index (OANDA:SPX500USD)  
yitiancai Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Harmonic Patterns Chart Patterns S&P 500 (SPX500)
2
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trendanalysis harmonicpatterns chartpattern spx500
After a bad performance in FEB, SPX500 continue to rise , attempt to reach a new record high level. I don't know whether it will come ture. But a see a potential bat pattern on it. D shuold be near 88.6% of XA and 1.618-2.618 times of BC, that is the requestment of bat pattern. Now, on this chart, D is 1.618 times of bc as well as 0.886 times of XA. If the price reach there, watch out for the price action, catch a good chance to sell
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