As we see on the chart, the s&p 500 broke the bullish trend. Wich forced to price down in to a bearish trend. We can also see the cross of the 20 and 50 moving average. The price can go down to $4155 but if it can't get support at that price level than the price would liqely drop even more.
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Disclaimer
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.