S&P500 - Waiting...

The S&P500 is holding the neckline, not good for bears. Anyway, price is lower than 1392.78 and most important, not escaping from 1371...

This hourly rally can continue a bit longer but i am looking to another test to yesterday close/lows...



S&P500 - "The number of the beast"

First, as a reminder, a quick look to the daily chart. S&P500 is trading at 1365.34
Ok, everyone is going to do this (Head & Shoulders) trade, which can be very dangerous, but make a plan and trade it, one should keep in mind these kind of patterns are very useful to find correction targets...
I think S&P500 can kiss 200 days e.m.a. (today at 1304) if it breaks down the neckline

I accept the possbility of a bullish correction, which would mean this down movement is a buy opportunity.
But that is not what I am thinking, so let me be clear enough:

I am expecting new lows for the S&P500. Yes, new multi-year lows, S&P500 is going to trade under "the number of the beast". I will "technically" defend this if sellers manage to keep the index under 1371...