SNP500 is also retesting a very important trend-line, one which previously resulted in bullish swings. A breach of this trend-line could lead towards a “devastating” scenario, in the sense that the bearish momentum could increase rapidly and with continuity.
Breach scenario: Double Three pattern within an Expanding Flat, which could result in a bearish impulse.
Support scenario: Running Flat structure, which could result in a bullish impulse and a possible bull-market resumption.
Breach scenario: Double Three pattern within an Expanding Flat, which could result in a bearish impulse.
Support scenario: Running Flat structure, which could result in a bullish impulse and a possible bull-market resumption.
