S&P 500 2022 Crash like 2008 ?
@TrendTrading:
$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $Amazon.com(AMZN)$ During 2008 crash , S&P mada a head and shoulders pattern on the charts and few weeks later it crash.In 2022 ,this is again making a similar head and shoulders patternWhat is a head and shoulders pattern?Head and shoulders is a bearish chart patternIt comprimises of a left shoulders, the neck and the right shoulders.Most of the time there is a bearish divergence between the left shoulder and the neck.Volumes play a important role in this patternThe volumes are very low when the head is formed , but they rise significantly when the right shoul