H&S - SPX

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Cautious call considering the volatility recently, but it looks like SPX500USD is forming a Head and Shoulder pattern on the 6H.

The overall trend seems to suggest upward movement, but on two separate occasions price has been unable to break out of the historical support from March 2018. Coupled with the H&S pattern I expect a short term test of the local support @ 2491.
Uwaga
Reference of the fib
Uwaga
snapshot
Uwaga
If 3.87% isn't enough, you could hold for a possible touch of the 0.618 fib level(7% profit from the time of this post)
Transakcja zamknięta: osiągnięto wyznaczony cel
TP hit this morning
shortS&P 500 (SPX500)Technical AnalysistradingTrend Analysis

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