DorofeevML

SPX500. Again H&S?

Short
FX:SPX500   S&P 500 Index
4
And again we can see the burst of bearish activity in American stock market. There are 2 visible scenarios:
1. Main (because UP trend lines were broken Down). Very interest and complex H&S model can be activated. It's worth mentioning.
2. Alt. At the same time horizontal triangle is also possible.
Be out of the market and look for orange line breakout (KEY event). If it will be broken down seek opportunities short entries. Additional signals will be given later...

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.