S&P 500 experienced a slight rebound over the last two days and now comes to a critical level of resistance reassured by both a trend line and the Fibonacci 0.618. Buyers has been observed struggling to further pump up the price, which provides opportunities to short the etf once a confirmation signal (red candle) is observed. Happy trading!
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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.