S&P500 (Day Trade) Possible Hypothesis in terms of TA.
On May 9, 2013 we had a rapid sell off on 1 min time frame. I don't think it is something to worry about, because price action had formed a head and shoulders pattern, then we had huge spike (parabola move). Parabolas moves are not sustainable for very long of periods. So I think that head and shoulders pattern with the parabola pattern made a deadly combination to cause this fast downward move. Also the indicators are showing a divergence. This is my explanation of the rapid downward move in terms of technical analysis. Have nice day fellow traders.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.