SP500 Reversal Taking Place? | SPECIAL PATTERNS FORMING | Technical Analysis Update

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5 years ago
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In today's SP500 Technical Analysis daily update we dive into the daily timeframe as well as the hourly. The SP500 has been flat and stuck between the 50% and 61% fibonacci retracement level for weeks now. These last to days in the s&p 500 have been very bearish with more bearish news surfacing mainstream. The questions remains.. Is this the SP500 reversal? Was this entire move a bull trap? Is the start of a bigger move to retest the March lows?

Time will tell, hope you enjoy this technical analysis update on the SP500

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