Short

S&P warning signs are mounting; not a "game over" yet

Updated

Price formed a reversal pattern on the daily chart. But is it "game over" for the buyers? Watch video to learn more

Disclaimer
I don't give trading or investing advice, just sharing my thoughts.

Note

We have a lot of important economic data coming out this week, including FOMC. Things can change fast

Note

Sellers tested previous week low followed by a weak bullish reaction. Nothing really changed.
FED speaks today at the market open, then JOLTS. It will likely provoke increased activity.

Note

This market just doesn't want to go down. Let's see tomorrow if buyers are able to take down previous high (550) and build some value above it.

Note

Amazing. Market just need to "survive" FOMC. Can anything go wrong?

Note

I think a lot about limitations of technical analysis when things like this take place

hermes_trisme

Also on:

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.