Short Term Traders should be aware.
4 Hour S+ P 500 Institutional Chart, Closed Bearishly on 12/9/19.
The risk here is for a potential
" Rising Wedge" Breakdown.
4 Hour Support is currently just below the market at S+P 3134.62
Short term trend shows that if that key support breaks,
then"gap filling" could quickly bring the S+P down to 3120 minimum.
Special thanks to jbird7839, and chinawildman,
for their excellent pattern recognition, and momentum analysis.
THE_UNWIND
12/9/19
NEW YORK
4 Hour S+ P 500 Institutional Chart, Closed Bearishly on 12/9/19.
The risk here is for a potential
" Rising Wedge" Breakdown.
4 Hour Support is currently just below the market at S+P 3134.62
Short term trend shows that if that key support breaks,
then"gap filling" could quickly bring the S+P down to 3120 minimum.
Special thanks to jbird7839, and chinawildman,
for their excellent pattern recognition, and momentum analysis.
THE_UNWIND
12/9/19
NEW YORK