Bearish head and shoulders on SPX500USD

SPX500USD - Intraday - We look to Sell at 4274 (stop at 4322)

A bearish Head and Shoulders is forming. This is negative for sentiment and the downtrend has potential to return. There is scope for mild buying at the open but gains should be limited. Resistance is located at 4280 and should cap gains to this area.

Our profit targets will be 4161 and 4120

Resistance: 4280 / 4625 / 4800
Support: 4160 / 3900 / 3700


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Chart PatternsTechnical IndicatorssandpS&P 500 (SPX500)US SPX 500Trend Analysisus500

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