Bullish pattern in spx can target 2760 if triggered

Τα πασχαλινά αυγά έκρυβαν δωράκι ταύρο
April 10, 2018
This is NOT the time to be short cryptos
April 10, 2018

Good day everyone….take a look at what I saw in my spx chart…an inverted head and shoulders pattern with the neckline at 2670. Break above it and we could see  a push towards the upper triangle boundary and downward sloping resistance trend line.

The pattern

The target

What have seen so far? Every time price moves towards 2600-2580 area is being defended. Big test for bulls and big bullish signal will be the break out above the upper black trend line resistance. New highs over the next three months? why not…..

 

thank you for taking the time to catch up on my thinking

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.