- November 4, 2020
- Posted by: Tradingshot Articles
- Category: Stock Indices
Both patterns are Megaphones on a descending RSI with the 1W MA50 (blue trend-line) acting as a Support on the Megaphones late stage. On the November 07 2016 1W candle, S&P rebounded, starting a non-stop rally that didn’t give any important pull-back until January 2018, achieving a +36% rise!
Can S&P rebound on this week’s election candle, completing the (e) leg?
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