S&P 500 IndexShort
S&P 500 INDEX ,,, Possible deep correction
As you can see, the chart has been in an uptrend for about 14 months. In my opinion, the market needs a break and a deeper correction. The rise may continue, but we must consider the high risk of long positions in our trades. Personally, I prefer to enter long trades with great caution. If a correction occurs, between 10 and 15 percent can be expected. Some indicators, such as AO, also show divergence on the chart.
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