The SPX could be forming a flat or expanded flat pattern (as shown). Hence, it might go up for a few days before continuing its fall.
This is just a short-term forecast. The long term forecast remains the same as in the previous update (link attached).
This is just a short-term forecast. The long term forecast remains the same as in the previous update (link attached).
Note
There are many ways this correction could end. For now it seems like a contracting triangle. Regardless, the forecast is still a move down.
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Related publications
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.