The S+P 500 Head and Shoulders Pattern,
a nearly textbook bearish reversal warning
, often disregarded because it's so easy to identify,
executed this afternoon violently to the downside.
(Shown here on the 15 minute Chart)
It's most interesting that the final run up high,
completing the right shoulder of the SPX reversal pattern,
happened to coincide exactly with the 20 X1 Amazon stock split,
that I had warned you about in my last post on Tradingview.
For retail buyers of Amazon who just had to have the stock at prices up to129 a share just Monday,
it also saw institutional sellers liquidate heavily all week driving AMZN down to a 116.15 close today,
down 10 % from it's high..... in just 4 days.
SPX Last 4017.81
THE_UNWIND
6/9/22
Woods Of Connecticut
a nearly textbook bearish reversal warning
, often disregarded because it's so easy to identify,
executed this afternoon violently to the downside.
(Shown here on the 15 minute Chart)
It's most interesting that the final run up high,
completing the right shoulder of the SPX reversal pattern,
happened to coincide exactly with the 20 X1 Amazon stock split,
that I had warned you about in my last post on Tradingview.
For retail buyers of Amazon who just had to have the stock at prices up to129 a share just Monday,
it also saw institutional sellers liquidate heavily all week driving AMZN down to a 116.15 close today,
down 10 % from it's high..... in just 4 days.
SPX Last 4017.81
THE_UNWIND
6/9/22
Woods Of Connecticut