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SP500 Santa Rally is Almost Over

SP500 Santa Rally is Almost Over

SP500 is trading at 2490 as of writing. The traditional Santa Rally took the indices higher.

SP500 is likely to test the cloud resistance and continue its bearish move.

Bearish Swan Pattern would be completed at 2.529-2.549.

Our targets 2470 and 2420.

Entry Levels and Methods for Short Trade:

Ichimoku Cloud Border on H4 Chart: 2.522

Swan Area Of the Entry:  2.529 – 2549

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

SP 500: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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