S&P 500 Index Strong Drops Coming Monday!

SPCFD:SPX   S&P 500 Index
Next week can signal pure blood for the S&P 500 Index (SPCFD:SPX).

We shared a trade idea warning of an upcoming drop after the SPX hit a new all-time high. This is shown in a shorter time frame below:
As you can see, this index will continue moving lower.

  • I expect support to be found at the blue dashed lines.
  • Resistance, in case the SPX index bounces, can be found at the magenta dashed lines.

All of the chart signals are described in the previous trade idea and are still valid.

Thanks a lot for reading.

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Pay up for put premium only to have ppt step on it. S&P is not a tradable market anymore.
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