S&P 500 - Its All in Patterns...

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In our previous post we have seen a rounding top pattern.

Now a small rounding top is forming which creates a cup and handle pattern.

Support zone remains the same.

4415 - 4435 will act as the support if price fall.

This pattern will become invalid if it breaks upside and sustains above 4476 and fill the gap.

What you think? Gap filling or falling?

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Nota
Gap filled. High made 4511. istantanea
Nota
Current level is also a support level. istantanea
Cup And Handle

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