MShameer

MShameer

Possible head and shoulders pattern formation to be noticed. Wait for the price to break and retest the neckline and if does so it would be a good chance to go long. Let me know your ideas as well !

MShameer

once the break of the neckline occours , a possible sell could be expect having the nearby support level close to the fib retracements as target ,and once the neckine of the head and shoulders pattern gets retested and with the use of price action we could go for a long term sell. Have a look on fundamental analysis too. what do you guys think?

MShameer

as per the bat pattern there is a good chance for a bearish movement. what do you guys think about this analysis?

MShameer

let me know what you guys think of this analysis As SPX follows a DOWNTREND with the trend a sell could be expected.