The S&P500 index (SPX) may be replicating the Megaphone pattern of September - November 2025 as there are striking similarities between the two fractals.
Both started off a recovery below the 1D MA200 (orange trend-line), made roughly +20.50% massive rallies and then on the pattern's first Bearish Leg (pull-back), touched the 1D MA50 (blue trend-line) and rebounded.
In 2025, the 2nd Bearish Leg targeted the 1D MA100 and if the current pattern continues replicating 2025, we should be in the process of starting that Bearish Leg and targeting the 1D MA100 around 7150.
Notice also the similar 1D RSI Channel Down structures, clear Bearish Divergencies on both.
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Both started off a recovery below the 1D MA200 (orange trend-line), made roughly +20.50% massive rallies and then on the pattern's first Bearish Leg (pull-back), touched the 1D MA50 (blue trend-line) and rebounded.
In 2025, the 2nd Bearish Leg targeted the 1D MA100 and if the current pattern continues replicating 2025, we should be in the process of starting that Bearish Leg and targeting the 1D MA100 around 7150.
Notice also the similar 1D RSI Channel Down structures, clear Bearish Divergencies on both.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.