NOT TRADING ADVICE
I see two scenarios at the moment.
1. Double Top which is pretty obvious from the chart.
2. Bullish Gartley around 2625-2627 (caveat, just learned about this advanced pattern)
Leaning toward SCENARIO 2.
Yesterday's SPX500 Daily candle was bearish but not engulfing.
-We have also seen support coming in at 2625 recently.
NOT INVALIDATING MY RECENT IDEA () but closed my short at 2625 from a 2634 entry today. EXERCISING NO EMOTIONS.
Swapping over to my preferred way of tracking S&P, symbol 'SPX500'.
-Notice 1hr oversold
-Hovering around 1hr support of a bull flag which makes me think we may just be consolidating...
DON'T TRADE THIS. I'M NOT A PROFESSIONAL.
-Was the pattern we broke down from all-time high an H&S or Double Top because I believe this effects the neckline which is our major resistance.
-Seems like most of us had this resistance wrong from the start around looking at 2630's which appears to be the support (now resistance) from a giant bear flag. We just...