SPX Start of a 1 Hour Downtrend Possible End To 2023 Rally

I am only looking at what the chart is telling me and so far it is now in a downtrend in the overall uptrend. If the market is going to bounce, it must break the downtrend. Possible 4200 coming.

The fact that August Monthly candle has engulfed July already is a death sign for the fall.

Escalator up

Elevator down

Pump and Dump

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