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S&P 500 Index

S&P-500 - megaphone still can be in play

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Quite incredible, that despite recent rally in stocks, megaphone setup still remains valid and could be in play for SPX

For almost two months now index is moving allong resistance and having hard time to break it out to the upside.

Higher levels definetely possible, but I would be more concerned with taking profits and buying protection right now.
Silvestrov
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Chart patternsEquitymegaphonemegaphonetopSPX (S&P 500 Index)S&P 500 (SPX500)Supply and DemandSupport and Resistanceusindex

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Chart patternsEquitymegaphonemegaphonetopSPX (S&P 500 Index)S&P 500 (SPX500)Supply and DemandSupport and Resistanceusindex
Silvestrov
Also on:

Related publications

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.