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#SPX S&P500 Pure Price Action Chart Setup

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US markets have rallied tremendously over the past month. We have increased steadily at a very fast rate, however we cannot go up this fast forever. 3 touches of the red ascending trendline confirms it as a support. Once price breaks trendline and bearish PA is confirmed, I will short heavily. US markets have been propped up after end of 2018 sell-off due to positive news of fed not hiking rates in 2019 and USA winning the trade war against China for about the 10th time (and hopefully the last as today China announced to buy billions in products to fix the trade imbalance) However I will short bearish PA and will be watching closely.
UnknownUnicorn3945991
Chart PatternsDJIsp500indexS&P 500 (SPX500)Trend Analysisusmarkets

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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Chart PatternsDJIsp500indexS&P 500 (SPX500)Trend Analysisusmarkets
UnknownUnicorn3945991

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.