SPX Weekly Outlook: Slightly Bearish

in stocks •  6 years ago  (edited)

SPX is consolidating BELOW the key 200 day MA level here. You can see in the chart that it is not below this level for the first time in a long time. I am completely out and will stay that way u til SPX is back above 2770, or I sense panic.

81C70F2F-7838-4B4E-AE59-3FAA732C00E0.png

All I have continuously heard about is the inverse H&S pattern that everyone and their mom seems to be looking at. Even my dog can see this pattern forming. Do you know what that means?

It means it probably isn’t going to happen. I am bearish headed into this week and I am looking for more downside to occur.

I will say if you are itching to buy something, then go here... https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_highlow52w_b0to10h,ta_sma200_pa&ft=4

Buy something printing highs or within arms reach of it.

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6 years ago by

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