Is it a HS? RSP SPX equal weight
HS pattern on the making? Would confirm if neckline is broken to the downside.
Note
Price keeps hanging on to the neckline, 2 matchballs already saved.Note
Keeps consuming time sideways. Still unable to make a short term higher high above 166. Volume keeps pilling in the area, Ichimoku cloud remains narrow, and the RSP keeps diverging from a MAG7 driven SPX. If pattern breaks to the downside, 157 level is the next stop (200 day MA & volume support)Trade closed: stop reached
Stop reached. Position closed.
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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.