SP500 Short term - back to trendline
Updated
SP500 broke a trend line and now the retest is running on. In next few days I would expect movement back to default trendline which was set in march. I dont believe we can expect movement ''back to normal values''. Retesting supports would be the best what could happend and all this movement seems to be like a temporary bottom.
I tried to sketch the pattern though the EW - I dont say this is a valid count
Follow me on twitter: @realMarketMage
I tried to sketch the pattern though the EW - I dont say this is a valid count
Follow me on twitter: @realMarketMage
Trade closed: target reached
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