S&P 500 IndexShort
The S&P 500 index is likely to change its upward trajectory.
The S&P 500 index approached the "cup and handle" target at 6152 points, but recently it has formed a "head and shoulders" reversal pattern at the neckline. The index has retraced to 5783, filling a previous gap. If it trades below this gap, it may head towards 5583 points to achieve the head and shoulders pattern target.
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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.