themarketzone

Bearish Gartley near All Time Highs

FX:SPX500   Indice S&P 500
The French Elections drove stocks higher last week.
Nasdaq broke above 6000 and SPX is testing its All Time Highs levels again.

We have a daily Gartley formation just below 2400.
Will it hold?
In this bullish market it is going to be a hard task...
But with the VIX back below 11 again and SPX near psychological levels with harmonics... short term bearish trading ideas can be interesting contrarian option to explore.

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