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S&P 500 Index

SP500 Critical Symmetrical Triangle

By YavuzAkbay
In the daily timeframe, we see that SP500 has been in a downtrend for a long time. In addition, SP500, which has been on the rise again in recent months, has made a symmetrical triangle. If the long-term downtrend is strong, the target will be $3600 on the downside breakout. A possible uptrend will be interpreted as breaking the downtrend and the beginning of a new uptrend in the long run. The target will be $4,170.
sp500indexSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend AnalysisTrend LinesTriangle
YavuzAkbay
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