This is NOT a Cup and Handle Pattern - SPX, ES1!
On first sight, this appears to be a textbook cup and handle. However, volume continued to decline during the uptrend and there is a divergence on RSI. These indicators show that the underlying price is weak and will not rally further.
THIS IS NOT FINANCIAL ADVICE. THIS IS MY OPINION. TRADING INVOLVES RISK.
THIS IS NOT FINANCIAL ADVICE. THIS IS MY OPINION. TRADING INVOLVES RISK.
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