AlanSantana

SPX First Bearish Target Mapped, -10% Potential

Short
SP:SPX   S&P 500 Index
I started sharing these analyses for the SPX a month ago, sharing what I see on the chart.

Many times we have signals pointing to a crash but the market usually turns.

This is not happening this time around, notice the dual rejection at EMA50...

Now the MA200 black line isn't holding; a close below it today and the "deal is sealed" for the next drop.

I extracted this target based on EMAs, we are looking at a 10% drop... After this move, we can start to map the next...
Now, we have to wait and see if it does PLAY!

Jan. 19: S&P 500 Index Bearish Potential
https://www.tradingview.com/chart/ES1!/N...

Thank you for reading.


Namaste.

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