S&P 500 Index
Short

SPX500 - Bearish bounce inside descending wedge, more downside?

289
SPX500, not a ton of volume, but has clearly made a higher low and bounced off the top of this long term trend line. Looking for a new low somewhere around end of January then decision time from there. Of course any of this cold be invalidated with a massive move either direction.

I would be careful listening to the news, as they seem to only be able to come up with reasons that something happened after the fact. Charts tell the true story.

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