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S&P 500 Index
Short

SPX rugpull scenario

By mcrobbie
Updated
Spy has broken trendline (Green), if it can push below major support (Orange) -- down.

1st Target ~3800ish.
Comment
SPX broke key resistance, and now awaits a third touch on the downward trendline (Orange), possibly testing support turned resistance.
The idea still holds.

snapshot
Comment
Saw third touch confirming downtrend, now battling stubborn levels before likely downmove. Follow VIX and watch DXY/US10Y for timing/reversals.

snapshot
Comment
Downtrend invalidated... watch for pop back above resistance for 400+
Trend Analysis

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