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S&P 500 Index
Short
Updated

Good zone for short

170
Now at important resistance level around 2735-2775. EMA 200 at 2718. If won't breakout on that move, pullback to retest ~2666 and possibly to 2570.

Support 2650 - 2570 - 2530 - 2437
Resistance 2775 - 2815 - 2900 - 2950
Note
Perfect short zone. Hit the top of my short zone at 2775 and now pulling back. Considering the fact that within last 3 weeks over 17 million Americans filed for unemployment, and COVID cases still increasing, there is no reason for market to grow yet. Stop loss above 2775

snapshot
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Beyond Technical AnalysisForexTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)spx500shortUS SPX 500Trend Analysiswiseforex
WiseAnalyze
FREE telegram channels:
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
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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.