TipTVFinance

SPX could extend losses to 2320

TVC:SPX   S&P 500 Index
Breach of the rising trend line on Tuesday coupled with a drop in the RSI below 50.00 suggests potential for a sell-of towards another key trend line support seen around 2320.

Even then the RSI would be at a safe distance from the oversold territory, thus, the support at 2320 could be breached.

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.