.SPX: What's Going on Next?
Hello everyone! Today i want to share some technical analysis with you!
1.
MPW Bamboo Scroll #153 Posted: $.SPX(.SPX)$
(1) since a lot of people have noticed the multi-layer H&S formation, the market may take more time to dupe people before a sudden move.
(2) I also review why SPX needs a BIG RED monthly bar to feed the bears.
2.
Ever since I sent out the warning last week when SPX dropped to 5830--see the price & time marker on the last chart--, SPX staged a rally to head for 5960 zone [while the pattern is VERY BEARISH in mid-term, meaning 10-12 trading days, it may snap back to shake off bears first]
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