SPX – Potential Breakout Near Term

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– The S&P 500 index range has been narrowing – triangle formation.
I would expect a breakout – could be in either direction.
– I am anticipating a downward move though – “potential” Gartley forming on the weekly time frame.
This entry was posted in Fibonacci, Gartley, Harmonic Pattern, Indices, Misc. Setups, SPX, SPY. Bookmark the permalink.

One Response to SPX – Potential Breakout Near Term

  1. One618 says:

    The breakout has occurred to the upside. We’re still at a supply/resistance level, however, my expectation of a downward move has been invalidated.

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