.SPX: Retreat Now?
Hello everyone! Today i want to share some trading ideas with you!
1.
Two Options: $S&P 500(.SPX)$
(1) both will lead the market eventually lower, but I give their chance of 50/50.
(2) one is a complex sideway, W-B, to build the right shoulder of this H&S, before the final breakdown next Monday.
(3) the other one would be immediate resolution. Either way, bearish.
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2.
$Cboe Volatility Index(VIX)$ --released most energy pre-market and the setup has been reset.
It may help the market to hold this level and retest 6666 for one day or two.
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