SP500 WANTS WINGS (Will It Stop Eating & Hang Upside Down For Them?) | S&P 500 Technical Analysis

In today's S&P 500 Technical Analysis video we look at multiple timeframes and discuss where the stock market might be heading next. in order to do that we map out support, resistance, trends, and patterns.

Today's pattern is on the 30 minute timeframe and I call this the caterpillar pattern on the SP500. This is obviously a joke nut hold some eerie truths. The federal reserve has been feeding this market with liquidity (money) and it has created what some would call a very inflated asset bubble. Some belive this to still be a bull trap.

To me, I look at the price action on the SP500 everyday to determine how I want to trade it and individual stocks. I play it day by day and do my best to look for high probability candlestick pattern setups using technical analysis.

TIMESTAMPS:
Intro: 00:00
SP500 Weekly: 00:21
SP500 Daily: 01:33
SP500 30 Min: 05:18
Caterpillar Pattern: 11:44

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#SP500 #StockMarket #TechnicalAnalysis