S&P 500 IndexShort
Sp500 - Head & Shoulders
The SP500 has printed a head and shoulders and what looks like what is to become a false breakout.
Taking everything into account one can't help to lean towards the downside bias as probabilities are stacked on that side. Either way , while bulls stay below and are unable to re-capture 3928 the gates are open for a substantial move down.
Be careful out there folks!
Taking everything into account one can't help to lean towards the downside bias as probabilities are stacked on that side. Either way , while bulls stay below and are unable to re-capture 3928 the gates are open for a substantial move down.
Be careful out there folks!
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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.