S&P 500 analysis

Hello! Welcome to this update on S&P 500 analysis.
Price is between support and resistance levels:
Resistance: 280.92
Support: 259.85

Price is below 200SMA which is a sign of bearishness.

Based on where the SP500 is situated at this time I think the most likely price path is in the projected price path shown on the chart.

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FibonacciSupport and ResistanceTrend Lines

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