JSiminoski

SPX500 SHORT Technical Analysis

Short
FX:SPX500   S&P 500 Index
I see a very large head & shoulders pattern potential playing out end of Q1. You will notice significant resistance at 3015 that will act as resistance for the right shoulder should this pattern play out. Lastly there is a smaller head & shoulders pattern playing out on the daily but it can be better seen on the 4HR. This smaller pattern should break down by mid week and then we will see what happens. I am very bearish US Equities and the US Economy in general.

-Massive H&S Pattern
-MACD divergence
-Major resistance 3015.00
-Dynamic resistance

Bearish US Equities

SPX500

>Even if you are not ready for the day, it cannot always be night<
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.