SPX Showing bearish H&S pattern after trend change confirmation from the bullish peak.. A retrace back up to the 0.50 fib level alongside retest of channel and EMA's, should trigger some bearish momentum from a purely technical standpoint.
Fundamentals are also pointing at a possible U.S and global slowdown, so i think this could be a potential play in the weeks to come. The upcoming ISM Manufacturing and Non-Manufacturing reports should provide hints as for the U.S market conditions atleast.
Fundamentals are also pointing at a possible U.S and global slowdown, so i think this could be a potential play in the weeks to come. The upcoming ISM Manufacturing and Non-Manufacturing reports should provide hints as for the U.S market conditions atleast.