S&P 500 potentially in a head and shoulders pattern

3 ביולי 2022

With the Fed tightening into a recession the S&P 500 is at high risk of returning to the pandemic lows of march 2021. The volume profile indicates that there might be resistance at the 2000s range providing swing traders with opportunities to gain 40% before the S&P500 index dropping to the 1000's range.