S&P500 SHORT OUTLOOK

27 feb 2018

I believe we are looking for more downside of the S&P500. The market seemingly overbought in January, fears of rising interest rate,s and inflation putting a scare in investors caused a roughly 12% drop. On the hour time frame it appears a rising wedge pattern is forming indicating more downside. Interest rates and inflation have both gone up since the first drop. Preparing for another impulse down.