S&P 500 forms Bearish Gartley pattern, good to sell on rallies
Harmonic Pattern formed - Bearish Gartley Pattern
Potential reversal Zone (PRZ) - 2080
The index is facing resistance around 2080 and any break above will target 2100/2115 in short term.
On the downside major support is around 2050 and break below targets 2035/2000/1975.
It is good to sell on rallies around 2075-80 with SL around 2105 with TP around 2035/2000/1980
Potential reversal Zone (PRZ) - 2080
The index is facing resistance around 2080 and any break above will target 2100/2115 in short term.
On the downside major support is around 2050 and break below targets 2035/2000/1975.
It is good to sell on rallies around 2075-80 with SL around 2105 with TP around 2035/2000/1980