A Breakaway Gap or window for the S&P500 makes for downmove
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A breakaway gap makes for a compelling sell because it often signals a strong shift in market sentiment and can indicate the beginning of a new trend. The window must not be penetrated and that entire window is resistance
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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.