December 29, 2015

S&P 500 Futures Bullish patterns and Bearish Trend line

  • 4 Hour chart shows a bullish "W" pattern. The W is just the saucer part of a big cup and saucer pattern shown in daily time frame. But the bigger time frame is still favouring bears as price still stands below the broken trend line from 2011 lows. As long as price stays below this line bears will be interested in that big correction.