tushargupta1991

Briefly long on SPX

Long
tushargupta1991 Updated   
SP:SPX   S&P 500 Index
The SPX could be forming a flat or expanded flat pattern (as shown). Hence, it might go up for a few days before continuing its fall.

This is just a short-term forecast. The long term forecast remains the same as in the previous update (link attached).
Comment:
There are many ways this correction could end. For now it seems like a contracting triangle. Regardless, the forecast is still a move down.

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