fractal_trader
Long

SPX at Support, Uptrend Continuation Possible

SP:SPX   S&P 500 Index
Typical market behavior for a correction phase. Let's wait if the market price levels will be exceeded to the downside, only then this could turn into a bigger type of overall (weekly) correction. As of now higher timeframe breakouts were hit, a continous trend to the upside is still possible.
Comment: Looks like SP500 will penetrate the support zone further, how far down will it go? Who knows.
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