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S&P 500 Index
Short

S&P falling in a accelerated phase

351
S&P
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The S&P was declining in a accelerated phase as compared with the recent stocks rally .The deeper correction has started on September 03 And the index value fall below the .50 Fibonacci retracement And even felled below the 0.618 Fibonacci retracement

*The series of Higher high , Lower low , Lower high and Lower low pattern was forming in a downward parallel channel

*The index value also falls below the 03 Moving averages and the potential target would be around 3100.00

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Economic CyclesFibonacciParallel Channelsp500indexSPX (S&P 500 Index)S&P 500 (SPX500)spx500forecastspx500shortUS SPX 500spxshortSPXUSD

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Economic CyclesFibonacciParallel Channelsp500indexSPX (S&P 500 Index)S&P 500 (SPX500)spx500forecastspx500shortUS SPX 500spxshortSPXUSD
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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.