sep23

sep23 Updated 

There seems to be a major cup and handle in progress overlaying a couple smaller completed, successful ones. Is the third time the charm? If it goes then a likely target will be 4318 ish.

sep23

Seems like the current S&P market level is seeing the resolution of the megaphone pattern to the downside. The break below the 3 point was the indication that the pattern is resolving to the short side and heading toward the targets indicated on the chart. Something I'm not sure of is the bounce in late September; could this have negated this pattern? Thoughts, comments?