SPX remains bearish. The downsloping resistance line (yellow line) is still acting as a long-term resistance The price is breaking down from the Rising Broaderning Wedge which is a bearish pattern.
We expect the price to get rejected from the previous support which now should be acting as a resistance.
More downside coming. Targets shown in the chart.
Good luck
Сделка закрыта: достигнута тейк-профит цена
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Price is close to the target 1. We recommend to take profit now
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Target 1 reached perfectly and the price bounces. Before reaching Target 2, more bounces expected
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As expected, the price bounce continues. Typical bear market rally.
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bear market rally about to end. Expecting the rejection and downtrend continuation. Be ready
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SPX is ready to resume the downtrend . Be careful .
Сделка активна
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As expected, erfect rejections from the downsloping resistance line. Nothing has changed. Shorting it and waiting patiently for reaching targets!
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The key trendline is being tested again. If this key resistance breaks, we may see some upside.