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S&P 500 Index
Short
Updated

SPX rugpull scenario

236
Spy has broken trendline (Green), if it can push below major support (Orange) -- down.

1st Target ~3800ish.
Note
SPX broke key resistance, and now awaits a third touch on the downward trendline (Orange), possibly testing support turned resistance.
The idea still holds.

snapshot
Note
Saw third touch confirming downtrend, now battling stubborn levels before likely downmove. Follow VIX and watch DXY/US10Y for timing/reversals.

snapshot
Note
Downtrend invalidated... watch for pop back above resistance for 400+
mcrobbie
Trend Analysis

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Trend Analysis
mcrobbie

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.