S&P 500 Time for Correction?

Hadapan S&P 500 E-mini (CME_MINI:ES1!)

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CME_MINI:ES1! Hadapan S&P 500 E-mini

trendanalysis chartpattern indicator es1! eminisp emini sp500index

This may not age well, due to the extent the markets and the plunge protection team manipulate these markets, but the S&P 500 is at all time highs, and there is the potential we are are a double top . This is just a warning to be on high alert. We made a new all time high, then fell back below, so I am watching to see if the 2950 area begins to act as resistance now on the S&P . If so, this could be bearish , and a signal of a larger correction coming. Next resistance likely would be the 3000 area if we continue to push higher.

Komen:

This one is playing out very nicely.

Penafian

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