Market Update for Tuesday, October 17th, 2023


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Good afternoon, traders.

After an extremely volatile day, the S&P 500 closed almost perfectly flat. We can now observe that the SPX has crafted a triangle for us at the large head & shoulders neckline:

SPX

There are a couple of ways we can interpret this structure here:

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I hope everyone has a fine evening.


Parts of this article may be reserved for members. You may learn more about becoming a member on the Join page.

You are also warmly invited to join our growing community in the Discord server (there are many public features in there). The invite link is here: https://discord.gg/58FSjcDhvG.


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