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S&P 500 Index
Short

S&P 500 Index Strong Drops Coming Monday!

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Next week can signal pure blood for the S&P 500 Index (SPCFD:SPX).

We shared a trade idea warning of an upcoming drop after the SPX hit a new all-time high. This is shown in a shorter time frame below:
S&P 500 Index Drops For The First After New ATH


As you can see, this index will continue moving lower.

  • I expect support to be found at the blue dashed lines.
  • Resistance, in case the SPX index bounces, can be found at the magenta dashed lines.


All of the chart signals are described in the previous trade idea and are still valid.

Thanks a lot for reading.

Namaste.
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alanmastersBeyond Technical AnalysisindexTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

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alanmastersBeyond Technical AnalysisindexTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis
MasterAnanda
➢ FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183

➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172

➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Also on:

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.