S&P 500 Index
Short

SP500- A new drop is just around the corner

1 944
On Monday, the index has opened with a huge gap and in the next 3 trading days was trying to fill this gap.
However, the bulls are very weak, and this is more of a technical rebound, not buying pressure.
I expect a new leg down, and 4240 support can be the short term target

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.