S&P500 Index (SPY) Important Breakout & Bearish Outlook 📈
Updated
After 1 week of consolidation within a horizontal trading range,
this morning S&P500 broke and closed below its support.
Taking into consideration that the market is trading in a minor bearish trend
from the beginning of April, that breakout will most likely trigger a further decline.
Goals:
4340
4300
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