5y support resistance area

Looking long term, the index now circling around a strong 5y support and resistance level and forming a triangle, tilting to bearish. Given some of the economic sentiment and the negative correlation to spx, a break to the bottom seems reasonable, till at least, the crowed will decide he had enough with technology (which is probably not long due)
Chart PatternseconomicsHarmonic PatternsS&P 500 (SPX500)Trend Analysis

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