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CandlesofKarma

Where Does The Future Hold For The S&P500 ?

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CURRENCYCOM:US500   None
Beyond Technical Analysis Head and Shoulders Trend Analysis priceactionanalysis Technical Analysis headandshouldersformation countertrend Contains image
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beyondta headandshoulders trendanalysis priceactionanalysis technicalanalysis headandshouldersformation countertrend containsimage
With the consistent hike in interest rates, it really would not be surprising to see the SP500 take a dip after a corrective month of price action. There are 2 classic indications that we may see this turnaround this week on the chart illustrated. 1) Countertrend line break and 2) A possible head and shoulder formation. Let's keep track of this!
Komen:
Price s hovering around the area of interest. Fundamental will definitely be the deciding factor on the market direction for the week.
Komen:
Head and Shoulder looking apparent
Komen:
This analysis is closed
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