S&P 500 Daily Update: Symmetrical Triangle Pattern Breakout?

in money •  5 months ago


This is a daily S&P 500 (SPX) analysis which will be the first featured post going forward. All Crypto analysis will be posted on the Bitcoin Live platform. The below chart shows the symmetrical triangle pattern update. Almost always, a triangle pattern is either a wave 2 or a wave 4; so they represent corrective consolidation so as to allow the price churn between the buyers and sellers. Also, just because a pattern looks like a triangle does not mean it must generate the ABCDE sequence of waves. That's why there are plenty of D wave breakouts and that is pretty much what could be in progress right now with the SPX. Video has more details!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.


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Hello Haejin!
I've edited your logo. Reputation 80. Congratulations!!

Quieres decir con esto que habrá turbulencia en los mercados cripto?

it's technical analysis.. but how about fundamental analysis mr @haejin ??

Thank you have parsing

thanks @haejin for the analysis is very complete helps us understand this complicated world

Good to know about S&P. Thanks for sharing!

It's not a triangle, but at least your right due to short term upside:)
This could be a simple WXY correction:

or could develop into more complex:

Thank you Haejin for this analysis! One month ago you made an analysis on NVDA begining its wave 4 (https://steemit.com/money/@haejin/nvidia-nvda-wave-4-correction). It is still rising today. Can you do an update? I would really appreciate it. Waiting for another opportunity to buy... Thank you for what you're doing. I trust your work.


No more cryptos?
Is this really the end?
Haejin you will be missed!

it is worth checking the S&P500 ( SNPFH ) Smartcoin in the BitShares blockchain