Thread by @sumitverma29

#TechnicalAnalysis #S&P500 chart
I was convinced that TEXTBOOK patterns are things of the past and then this happened. #Triangle #Elliottwave

all negative sentiments factored in?

#S&P500 chart update.
Stalling action after a breakout from a more than two month old pattern is never a good sign.

Levels mentioned for view going forward in the chart.

#S&P500 chart update.

Breakout / Reversal range narrowed to 2700 - 2745

#S&P500 (spot) and Futures chart with 3bar swing system.

If 2700 is broken in spot today with close, Short term swing direction changes to Down.

#DowJones - breakout failure

#DowJones - Testing times for Bearish view. If it takes out the SL levels then would confirm formation of 6 week inverted H&S pattern.

#S&P500 index (Futures) - it is a Technical Breakout but Volumes have not really shown up yet.

#S&P500 Index - there is Buying interest visible (Volume patterns shows the same). High probable Elliott Wave Bullish triangle formation. #3000 ?

#S&P500 index futures - Rising Wedge formation near previous all time high ?

#S&P500 - 55days above 50 SMA and counting. How much more in a Rangebound and volatile year (2018).

I feel mean reversion below 50 SMA likely. Sooner than later.