SPXS
Shooting Star for SPX. Bearish Pattern formingThis looks like a correction. We gap'd up and hit resistance at 2994. That rally couldn't get pass the 2994 resistance. If SPX breaks the the support at 2960, I can see the gap getting filled. If SPX does fills that gap and closes below 2930, this will confirm that this was all a corrective move. I want it to close below 2930 to test the deep lows around 2820 WE HAVE TO STAY BELOW 2994. OTHERWISE THIS DOES NOT MATTER AT ALL
SPX to climb from upside confirmation, potential bounce!
SPX to climb from its upside confirmation at 2951.5 where it could potentially bounce further to 3028.3.
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