S&P is on a double head and shoulders pattern which neckline is partly penetrated yet not on a decisive volume. This could go further down but it’s is now laying on the historic support as seen in the chart. Unless it breaks that support then it is going on a very bearish wave.
Trade closed: target reached
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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.