SPXUSD Daily Has A Inverse Cup & Handle 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 ---
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--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!