S&P 500 MAY CONTINUE ITS BEARSISH MOVE
The S&P 500 has been in a bearish channel for some time and may continue. or not...
- we are retesting a support for the second time created on may 16th.
- We are also in the 61.8% fib pull back
- Market has cratered a bullish wedge
- market has touched the resisting trend line of the bearish channel
we will still wait for a price action reversal like a bearish ingulfing for example.
Trade Wisely
- we are retesting a support for the second time created on may 16th.
- We are also in the 61.8% fib pull back
- Market has cratered a bullish wedge
- market has touched the resisting trend line of the bearish channel
we will still wait for a price action reversal like a bearish ingulfing for example.
Trade Wisely
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