➖15% S&P500 Index drop by H&S pattern💣

The S&P500 index is moving near the resistance line and 🔴resistance zone($ 4,200- $ 4,100)🔴.

The S&P500 index also seems to be forming the right shoulder of the Head and Shoulders pattern in the 🟡Time Reversal Zone(TRZ)🟡.

I expect the S&P500 index to drop to the 🟢support zone($ 3,590-$ 3,490)🟢 after breaking the neckline.

S&P500 Index (SPXUSD) Analyze Daily time frame⏰ (Log Scale).

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.

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Commentaire:

Long-term view