S&P500 INDEX (SPY) Bearish Outlook

4 нояб. 2022 г.

S&P500 is trading in a long-term bearish trend.
The market started a correctional movement, in the middle of October.
The index was steadily growing within a rising wedge pattern.

This week, its support went broken.
I believe that it may trigger a trend-following movement.

Next supports: 3666 / 3587

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