Continued macro decline in the S&P 500
The S&P 500 lost its neutral zone channel bottom on the weekly chart, indicating a fall towards the next levels below. After the first sell-off, it corrected slightly but then lost the same support again, confirming the downward trend. It's now only a matter of time before we see the S&P 500 hitting its minimum in a sharp decline, accumulating a 22% drop since July 2022.
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