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powerintegral

S&P500 at key resistance area, expecting a correction

Short
S&P 500 Index (SP:SPX)  
powerintegral  
SP:SPX   S&P 500 Index
sp500index Stocks Indices short Bearish Patterns Elliott Wave Fibonacci
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sp500index stocks indices short bearish elliottwaves fibonacci
The S&P500 is at important resistances based on Fibonacci projections and showing bearish momentum divergence. We are expecting a corrective down wave (4) towards the 1855 area.

Only a new weekly close above 2120 would invalidate this bearish scenario.
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