S&P 500 IndexShort
SPXUSD Daily Has A Inverse Cup & Handle
Updated
Hey fellow traders and followers! I have to point out a possible inverse cup & handle and targets if she plays out in SPX Oanda.
Breaking point on daily is 5881.6 after which would trigger bears to take over the show and bring us down to the measured move of 5751.3 area. If that area breaks after being tested with a fail we falllll ---
-----
--5643.3------------
Market sits in no man's land I like to call it being bulls and bears on both sides of this rope in a tug of war. Be very very cautious at this time as charts in bigger TF's are starting to spell( FALL )
Don't get hurt on this one as this fall will give you more than just a scrape on the knees, more like a broken leg or worse.
Trade with caution and best of luck in all your trades. Cheers!
Breaking point on daily is 5881.6 after which would trigger bears to take over the show and bring us down to the measured move of 5751.3 area. If that area breaks after being tested with a fail we falllll ---
-----
--5643.3------------
Market sits in no man's land I like to call it being bulls and bears on both sides of this rope in a tug of war. Be very very cautious at this time as charts in bigger TF's are starting to spell( FALL )
Don't get hurt on this one as this fall will give you more than just a scrape on the knees, more like a broken leg or worse.
Trade with caution and best of luck in all your trades. Cheers!
Trade active
Hello traders and followers. Some time has passed and now this post from the past has come to life and a support 5881.6 has been broken and we are in free fall at moment during London session.
Next stop should be as posted, (5751.3). Remember, lot's of crazy and uncertain things happening in the world right now and none of it is bullish so (sell) is the word on the street so far. If 5751.3 gets taken out set your scope on 5643.3 . Might not be the Santa rally you expected but if you are short it's still a money gift from Ebenezer Scrooge.
Merry Christmas to all! Stay safe out there and try and have yourself a great Christmas holiday.
Cheers!
Trade closed: stop reached
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