S&P500 Bearish Signals forming on 4H

Pattern: Bullish Megaphone.

Signal: Sell as the MACD made a Bearish Cross after the (orange) uptrend Channel broke sideways, in a move similar to February 10 and March 12.

Target: 3970 (below the 4H MA100 (green trend-line) as per the previous similar fractals). If the 4H MACD breaks -15.00 then you may extend the selling as low as the MACD Support Zone or just above the 1D MA100 (yellow trend-line).


On the longer-term the trend remains bullish until the greater pattern is invalidated and as suggested by the most recent S&P500 signal shown below, it is safer to buy those Megaphone 4H MA100 pull-backs:




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