Some thoughts on SPX

SP:SPX   S&P 500 Index
SPX had overshoot a previous resistance line and formed a not very bullish looking pin bar (although not completely bearish too, but this is still not a good very sign for bulls). Usually, traps which come after overshoots (failed breakouts) are nasty and lead to strong moves in opposite direction.

If it starts falling, it will be falling hard...

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