The handle of a giant cup would make SPX return to earlier heights once price action would break through a streak of economy blues. Short-term patterns confirm this strong probability.
If a draw-down away from the breakthrough line turns out smaller than the past one by returning to the line, another signal is generated.
On the day of this writing, all SPDR sectors of America's 500 turned green from a week of turmoil, as did short-term indications of TradingView, turning back from red long-terms.
If a draw-down away from the breakthrough line turns out smaller than the past one by returning to the line, another signal is generated.
On the day of this writing, all SPDR sectors of America's 500 turned green from a week of turmoil, as did short-term indications of TradingView, turning back from red long-terms.
Order cancelled
The pullback line wasn't broken. S&P500 will decline.
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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.
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.