S&P 500 has started showing some weakness. Charts are indicating some retracement to the level of 2440.
Head & Shoulder Pattern formation clearly visible on Hourly Chart.
Line Chart showing negative diversion on Daily Time frame.
S&P 500 index perfectly moving in a channel and can test the lower trend line of the Channel.
Disclaimer
I’m not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don’t trade with the money you can’t afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.
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