Short

S&P500: Update and Bearish Outlook

By VasilyTrader

snapshot

bearish bias remains on S&P500.
the market was coiling within a bull flag for a while
but once it faced the major resistance we see a clear formation of a lower high + dodji candle.

I expect bearish continuation and still hold short trade from higher level.
for those who missed the trade, you can wait and sell bearish breakout of a flag.
target level will be 2950

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