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S&P 500 Index
Short

S&P500: Update and Bearish Outlook

624
snapshot

bearish bias remains on S&P500.
the market was coiling within a bull flag for a while
but once it faced the major resistance we see a clear formation of a lower high + dodji candle.

I expect bearish continuation and still hold short trade from higher level.
for those who missed the trade, you can wait and sell bearish breakout of a flag.
target level will be 2950
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Beyond Technical AnalysisCommoditiesS&P 500 E-Mini FuturesETFfundamental-analysisfuturesindexesS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Technical AnalysisTrend AnalysisWave Analysis

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Beyond Technical AnalysisCommoditiesS&P 500 E-Mini FuturesETFfundamental-analysisfuturesindexesS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Technical AnalysisTrend AnalysisWave Analysis
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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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.