Indice S&P 500Short
$SPX500 Completed Bearish Bat
First bearish candle last Friday suggesting bulls getting exhausted. Potential reversal zone also confirmed via the Bearish bat pattern at the 1.618 Fibo extension of the B-C leg
Possible short term targets at 2011 and 1991
Average pip movement also suggests volatility has been too low since March suggesting April that this might spike and catch many bulls offguard.
Possible short term targets at 2011 and 1991
Average pip movement also suggests volatility has been too low since March suggesting April that this might spike and catch many bulls offguard.
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