S&P 500 Index
Short

S&P500 INDEX (US500): Important Bearish Signal

346
snapshot

US500 was consolidating for quite a long period of time around
the level of a current all-time high and formed a range.

After the release of the yesterday's US fundamentals, the Index dropped
and formed a high momentum bearish candle.

A daily candle closed below a support of the range, confirming its violation.

We can expect a bearish continuation lower now.
Next support - 5432

❤️Please, support my work with like, thank you!❤️

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.