S&P500 has been forming a massive Bearish Cypher Pattern for the last two years on the weekly chart and is now aiming towards Support 1 at 4'190 USD. Losing it could send prices lower for a deeper correction towards Support 2 at 3'800 USD. Follow for more. Not TA.
Trade active
Price corrected -4% since our call. Expect lower.
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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.