SPX500 (sell inbound?)
As we are approaching that 3,000 level we must think about what happened here before. Price has just formed corrective price action towards this level in an Ascending pattern. I am expecting price to reverse from this area, although I would not be surprised if we slightly break it, catching people out thinking price is heading higher then it will slam down. If price did break the 3,000 level I would expect a very aggressive bearish move.
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