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Double Lower Top Coming?
S&P 500 Index
Long
Double Lower Top Coming?
By DaddySawbucks
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Updated
Apr 21, 2022
6
Cheer
Cheer
7
7
Apr 20, 2022
Chart says it better than I can. Moving up from oversold. NFLX put a damper on it but that won't last long imo. Move above 4480 is bullish, eh?
Take a look at Dec 2018 for the pattern. Double top at a lower high after decline from ATH, before the massive selloff.
The projection as shown is for an EW impulse. Might get it, might not. See what we get! No position atm, watchful waiting.
Apr 20, 2022
Comment
Need to trade with care and watch this closely imo. This breakout could easily be a fakeout.
April is the cruelest month...
Apr 21, 2022
Comment
So cruel... faded... will it lift again? Or just sell more...!
Apr 21, 2022
Order cancelled
Definitely NOT bullish, NOT going there IMO.
Look how the damned thing fell 500 NQ pips open to close in one session. Gonna get a freakin waterfall soon.
NO LONGS!
Chart Patterns
Double Top
impulsewave
DaddySawbucks
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