For the SPX to go higher imo, it has to clearly trade above the monthly pivot currently at 1985 SPX500 CFD. At the moment if resistance holds with observed selling, am looking for possible more downside price action. If price can trade above 1985, price could try to trade back up to highs? To be honest, I have no clue where the SPX is heading!
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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.