The bear case of SPX going below 4000 and maybe even l
Updated
- SPX would continue its general downtrend
- The next key price level would be at the support of upward trend line as well as the 50 and 200 DMA
- If broken, it could head down to 3800+ price levels
- If the bias is right, we could see a lower SPX in the next few weeks leading up to the March rate hike
- The next key price level would be at the support of upward trend line as well as the 50 and 200 DMA
- If broken, it could head down to 3800+ price levels
- If the bias is right, we could see a lower SPX in the next few weeks leading up to the March rate hike
Trade closed: target reached
SPX dropped to 3800+ level. Trade successful.
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