SPX bearish for two more weeks
SPX looks bearish in the short term, these demand zones have a habit of being visited multiple times in the ebbs and flows of the market. Even the prior weekly demand zone had a re-test last year despite how bullish people were. A further pullback of 5% would bring is right into the most recent weekly demand zone. Funny how these play out long-term, these zones can really help with cost basis on strong fundamental assets and ETFs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.