The chart of the S&P500 on a weekly time scale seems to provide precise points defining the downslope trendline channel that has been shaping the S&P500, the benchmark has reversed and turned drifting lower with symmetry that confirms as well the S&P500 trendline drifting below the IKH Senkou A/B nuage, confirms downtrend going forward.
Thereby, the S&P500 could very likely retrace lower on SPX 3398 even SPX 3200
Thereby, the S&P500 could very likely retrace lower on SPX 3398 even SPX 3200
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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.