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S&P 500 Index

SPX: Weakest Technical Support = Bear Downtrend Risk

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Of the 3 big stock market indexes, the S&P500 or SPX is supported currently with the weakest technical support. This is NOT a fundamental support level. IF there is sudden panic due to some catalyst, and there are many potential catalysts waiting in the wings, this support can easily be moved through. A breakdown of this support level brings the risk for the end of the trading range bear market we've had so far and the start of a bear market downtrend.

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MarthaStokesCMT-TechniTrader
Martha Stokes, CMT
ttrader.im/learn-tv

Learn how to use the technical patterns of each market participant for better trade planning.
Also on:
bearmarketcatalystsdowntrendTechnical Indicatorsrisksp500indexSPX (S&P 500 Index)Support and ResistanceTechnical AnalysistradingrangeTrend Lines

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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.
bearmarketcatalystsdowntrendTechnical Indicatorsrisksp500indexSPX (S&P 500 Index)Support and ResistanceTechnical AnalysistradingrangeTrend Lines
MarthaStokesCMT-TechniTrader
Martha Stokes, CMT
ttrader.im/learn-tv

Learn how to use the technical patterns of each market participant for better trade planning.
Also on:

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.