empty
 
 
26.02.2021 08:44 AM
Technical analysis of S&P 500 for February 26, 2020

This image is no longer relevant

The S&P 500 index could be building an invers Cup With Handle formation and a break below the support-line at 3,808 will active the top-formation for a decline to the the formation-objective near 3,665. The way to measure the formations objective is to measure from the top of the formation to the support-line and deduct the measured distance from where the support-line will be broken.

It's also important to stress, that the formation only will be activated upon a break below the support-line.

Normally the Cup With Handle formation is associated with bottoms, but they of cause they are also to be found as top-formations.

Remember the trend and patience are your friends

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback