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S&P 500 Index
Short
Updated

Selloff Started

295
We've broken the major support line for our uptrend, implying that the bulls are no longer in power. Watch the weekly candle that will close soon. It looks like a bearish engulfing weekly candle that could engulf the last 2-3 weeks.

I am a bear. Keep that in mind, BUT, look at it!

(Not financial advice)
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snapshot
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If we close at this level we will have bearishly engulfed 8 weeks worth of price action. That's huge.
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snapshot
Retesting the broken upward trend support that is now resistance
MonetaryRebel
Chart PatternsindexTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)spx500shortSPDR S&P 500 ETF (SPY) spyshortTrend Analysis

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.
Chart PatternsindexTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)spx500shortSPDR S&P 500 ETF (SPY) spyshortTrend Analysis
MonetaryRebel

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.