$SPX $SPY $ES_1 $NQ
So far the cloud bottom at $2630 level is acting as support. If that level breaks down, $2600 is next level to watch at 100MA on weekly. Below $2600 next support is $2530, If that breaks down possible free fall into $2380. Noted all the bearish indicators on the chart, along with previous levels the dip was being bought at in July 2015 & January 2016. Doesn't seem like big money is buying the dips anymore and instead selling the rips. Current pullback from ATH is rougly 11%. A pullback all the way to $2380 would be about 19% correction.
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.