SPX will rise if a short-term pullback line is broken
The handle of a giant cup would make SPX return to earlier heights once price action would break through a streak of economy blues. Short-term patterns confirm this strong probability.
If a draw-down away from the breakthrough line turns out smaller than the past one by returning to the line, another signal is generated.
On the day of this writing, all SPDR sectors of America's 500 turned green from a week of turmoil, as did short-term indications of TradingView, turning back from red long-terms.
If a draw-down away from the breakthrough line turns out smaller than the past one by returning to the line, another signal is generated.
On the day of this writing, all SPDR sectors of America's 500 turned green from a week of turmoil, as did short-term indications of TradingView, turning back from red long-terms.
Order cancelled:
The pullback line wasn't broken. S&P500 will decline.