US500: Bearish Pattern Signals A Bigger Decline
The US500 index has broken down from another bearish pattern, signaling the beginning of a bearish movement. The price could continue to move down to the 5718 and 5780 areas, where it may find strong support.
The bearish movement is also attributed to the turmoil created by Trump's tariffs on major trading partners, including China, Canada, and Mexico. These actions may create problems for US companies. The index is showing these problems by moving down today and opening the door to further decline.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The US500 index has broken down from another bearish pattern, signaling the beginning of a bearish movement. The price could continue to move down to the 5718 and 5780 areas, where it may find strong support.
The bearish movement is also attributed to the turmoil created by Trump's tariffs on major trading partners, including China, Canada, and Mexico. These actions may create problems for US companies. The index is showing these problems by moving down today and opening the door to further decline.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
Note
Almost reached the first targetTrade closed: target reached
Note
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.