TheRealPeaches

SP 500: Possible Cradle

FOREXCOM:SPXUSD   US SP 500 CFD
Last week, prices were well sold at the 21 EMA . This indicates that the bears still have control.

An interesting possibility is that prices could hit a Cradle point formed by a confluence of the Triangle boundaries. This point is also reinforced as the lower boundary of a possible larger channel. This mythical point in space and time could present as very powerful buying opportunity. For now, the burden is on the bulls to prove themselves.

With the US elections hanging in the balance, we should see players take sides in the lead-up. A choppy trend could develop which will either be confirmed or negated by the outcome.

I'm bullish-biased with a short-term neutral/bearish outlook.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out