SPX is looking heavy
Fridays’ inverted bearish hammer candle marked second straight failure at 2370. This coupled with the fact that a falling top formation is in place already suggests a potential for a sell-off to 2335 (support offered by the trend line drawn from Dec 30 low and Jan 31 low.
On the higher side, only a daily close above the descending trend line would revive bullishness.
On the higher side, only a daily close above the descending trend line would revive bullishness.
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