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S&P 500 Index Strong Drops Coming Monday!
S&P 500 Index
Short
S&P 500 Index Strong Drops Coming Monday!
By AlanSantana
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Aug 23, 2019
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Aug 23, 2019
Next week can signal pure blood for the S&P 500 Index (SPCFD:SPX).
We shared a trade idea warning of an upcoming drop after the SPX hit a new all-time high. This is shown in a shorter time frame below:
As you can see, this index will continue moving lower.
I expect support to be found at the blue dashed lines.
Resistance, in case the SPX index bounces, can be found at the magenta dashed lines.
All of the chart signals are described in the previous trade idea and are still valid.
Thanks a lot for reading.
Namaste.
alanmasters
Beyond Technical Analysis
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Technical Indicators
SPX (S&P 500 Index)
S&P 500 (SPX500)
Trend Analysis
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