SPX previous failed range support but currently double bottomed and retested previous support. If this is a bearish retest than we can see SPX drop again to local support at 3900. However the RSI broke out of its bearish trend signaling a possible continuation to 4500.
Note
Rreached upper resistance of the cone, validating it. Heading to range support. Break out of cone will take SPX to 5300s
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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.