S&P 500’s Break Below Diamond Pattern May Spell Trouble

Trouble ahead for U.S. stocks? This chart may be an indicator. The “diamond formation” falls under the
category of reversal patterns, where a new high is rejected.

With the S&P 500 Index falling below the diamond on Thursday, this might be a signal to sell.

Source: Bloomberg Pro Terminal

Trader – Senan Fuchedzhiev

 Varchev Traders

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