S&P500(SPX) - Further Bearish Pressure?

Hi Traders. It's been over a week since i last post any update the S&P500.

In the previous few analysis, i've been calling selling opportunities as price continued to develop signs of a healthy downtrend.

Price dipped below both the 4150 & 3900 as planned.

For now, there are only two questions I'm asking myself:
1. How far could the price stretched?
2. Would it head towards the 3400 area (2020 high, Covid-19)?

Until price shows any evidence of reversal, or else the Bear market is still alive as price shows signs of a healthy downtrend.

Let's observe further rather than jumping into positions. Will keep you all updated.


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Take care and trade safe.

All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.