Risk Is High ! New Sharp Move to the Downside Possible.
My proprietary analysis of the S+P 500 chart pattern setup on the close on 10/17/18
shows a potential to open up, + break sharply, and very quickly to the downside,
possibly starting another leg down in the S+P 500, as soon as 10/18 or 10/19/18
The rally this week has done almost everything
that it should have done to bring back the "buy on the dip "crowd into the market.
under the guise of better than expected rear view earnings.
The risk of a SHOCK factor is high here..
as a new complacency has crept right back into the market .
Caution is strongly advised.
THE_UNWIND
10/17/18 842 PM New York
shows a potential to open up, + break sharply, and very quickly to the downside,
possibly starting another leg down in the S+P 500, as soon as 10/18 or 10/19/18
The rally this week has done almost everything
that it should have done to bring back the "buy on the dip "crowd into the market.
under the guise of better than expected rear view earnings.
The risk of a SHOCK factor is high here..
as a new complacency has crept right back into the market .
Caution is strongly advised.
THE_UNWIND
10/17/18 842 PM New York
is a potential "circular top",
seen most vividly on the 30 minute chart.
Because the "circular top" pattern has strong bearish potential to it,
the risk to the downside in price in a sharp and sudden move down is acute.
THE_UNWIND
10/17/18 925 pm New York
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