Thursday, October 15, 2026

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FxWirePro: S&P 500 forms Bullish BAT Pattern, good to sell on rallies

Harmonic Pattern formed - Bullish BAT pattern Potential Reversal Zone (PRZ) - 2120 The index made a low of 2068 and slightly recovered from that level. Overall trend is still bearish as long as resistance 2120 holds. On …

By Lis Howell
Updated 1 min read
FxWirePro: S&P 500 forms Bullish BAT Pattern, good to sell on rallies
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  • Harmonic Pattern formed - Bullish BAT pattern
     
  • Potential Reversal Zone (PRZ) - 2120
     
  • The index made a low of 2068 and slightly recovered from that level. Overall trend is still bearish as long as resistance 2120 holds.
     
  • On the higher minor resistance is around 2104 and any break above targets 2110/2120 level.
     
  • The index support is around 2072 (trend line joining 2047 and 2069) and break below targets 2060 (200 day 4 HMA)/2045/2038.

It is good to sell on rallies around 2100-2105 with SL around 2120 for the TP of 2061/2045.

 

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