Bearish Gartley or Bearish Bat? Two scenarios for S&P 500

$SPX             managed to close above 1920, which was last week's support zone (1900-1920).
During the week, $SPX             touched 1900, rallied to touch the resistance near 1980 and ended up closing below the important 1950 level.

I still think that $SPY and $SPX             will stay above 190 (1900) and continue higher towards 200 (2000) but.. if they won't, there are two patterns I'm watching.
1. Gartley pattern on $SPX             - Completes near 1880
2. Bat pattern on $SPY - Will be complete if price will decline all the way down to 184

Obviously the first pattern to focus on, in case $SPX             will break below 1900, will be the bullish Gartley near 1880

This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews -

To subscribe to the newsletters -

Maybe.. Just got this feeling you know..
Too soon to look for a bounce I think.
+1 Reply
Bullish of course...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out