#caffeine #US500 or #SP500 has broken out of the 4650 uptrend support, even still breaking another support at 4550.
The decline occurred because the SP500 has reached TARGET 4718, but after that the SP500 must immediately return to above 4500 or better > 4650, otherwise the next correction could be to level 4306 and temporary extreme at level 3973.
The decline occurred because the SP500 has reached TARGET 4718, but after that the SP500 must immediately return to above 4500 or better > 4650, otherwise the next correction could be to level 4306 and temporary extreme at level 3973.