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S&P 500 Index
Short

S&P500 - The beginning of the bear market?

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SPX potentially created a top and is starting to head lower for the next months.

snapshot

We have patterns, cycles and market structure and if everything is lining up nicely, there is a high chance you will be right. The S&P500 is currently retesting a major multi-year resistance trendling, is starting to shift bearish on the smaller timeframes and just rallied +50% without any noticeable correction. In a couple of months, we will trade at lower levels!

Levels to watch: $5.500, $4.500

Keep your long term vision,
Philip - BasicTrading
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Philip - Swing Trader

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Also on:
Ascending ChannelbearmarketbearmarketsignalchanneltrendChart PatternscorrectionFundamental AnalysisindicessignalspatterntradingS&P 500 (SPX500)Trend Analysistrendlineanalysis

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.
Ascending ChannelbearmarketbearmarketsignalchanneltrendChart PatternscorrectionFundamental AnalysisindicessignalspatterntradingS&P 500 (SPX500)Trend Analysistrendlineanalysis
basictradingtv
Philip - Swing Trader

Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD

#LONGTERMVISION
Also on:

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.