S&P 500 Index Strong Drops Coming Monday!

Next week can signal pure blood for the S&P 500 Index (SPCFD:SPX).

We shared a trade idea warning of an upcoming drop after the SPX hit a new all-time high. This is shown in a shorter time frame below:
S&P 500 Index Drops For The First After New ATH


As you can see, this index will continue moving lower.

  • I expect support to be found at the blue dashed lines.
  • Resistance, in case the SPX index bounces, can be found at the magenta dashed lines.


All of the chart signals are described in the previous trade idea and are still valid.

Thanks a lot for reading.

Namaste.
alanmastersBeyond Technical AnalysisindexTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

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