S&P 500 is in a clear downtrend. Fundamental reasons are strictly connected with expected increases of interest rates in the USA and outflow of capital from equities to bonds. Increase of bond's profitability will push equities down. Even if there will be short uptrends, downtrend will dominate in next weeks or even months.
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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.