You can clearly see a small H&S pattern emerging within a major one, with the distance of from the base of the major H&S to it's heading taking my projection to the support last seen in Mar 23'.
Seeing similar patterns amongst a few indexes and with the VIX at such lows, I'm taking a punt.
Seeing similar patterns amongst a few indexes and with the VIX at such lows, I'm taking a punt.
Trade active
We've seen a test of the H&S base as resistance with the bearish continuation.Trade closed manually
I'd close position if you're in. See my latest SPX post.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.