US500, bearish analysis
Bearish count for US500.
Based on the premise that failure to tag the median (red) line means return of price to October 2022 low.
Key support is 5696.3 and below that 5088.9.
Break of 5 August 2024 low on impulsive price action would likely validate this count and eventual bottom 2765.6-3490.2.
Based on the premise that failure to tag the median (red) line means return of price to October 2022 low.
Key support is 5696.3 and below that 5088.9.
Break of 5 August 2024 low on impulsive price action would likely validate this count and eventual bottom 2765.6-3490.2.
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