$SPX deteriorated from last week - bearish outlook in formation
SPX - Based on Ichimoku cloud, (a) Conversion line below base line, though above Kumo cloud. Both lines trending downward.
(b) Area of Kumo cloud narrowing and may crossover next week if SPX goes down again
(c) Lagging price below price candles
Still there is hope to bounce back. 3203 level will be crucial.
Will have to wait and watch next week, seems bearish outlook getting worse compared to last week. Trade safely.
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