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balinor

Powerful compression

US 500 (CAPITALCOM:US500)  
balinor Updated   
CAPITALCOM:US500   US 500
Trend Analysis
3
0
trendanalysis
Index is compressing inside symmetrical triangle and going to explode soon

In hourly chart index is moving between 1H SMA50 and 1H SMA200 for some time

I suppose it will break down because of last bearish engulfing candle on weekly chart

snapshot
Comment:
The real correction is only starting

An usual 10% means 4700-4800 like blue arrow

snapshot
Comment:
Beware of weekly chart

snapshot
Comment:
No illusion, correction will continue next weeks

3 black crow rarely missed

I think index will drop at least to meet 1D SMA200 (blu line)

snapshot
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