SP500 Reversal Taking Place? | SPECIAL PATTERNS FORMING | Technical Analysis Update

In today's SP500 Technical Analysis daily update we dive into the daily timeframe as well as the hourly. The SP500 has been flat and stuck between the 50% and 61% fibonacci retracement level for weeks now. These last to days in the s&p 500 have been very bearish with more bearish news surfacing mainstream. The questions remains.. Is this the SP500 reversal? Was this entire move a bull trap? Is the start of a bigger move to retest the March lows?

Time will tell, hope you enjoy this technical analysis update on the SP500

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