Description
⋅ This is what we have now for the S&P 500 Index (SPX):
- A rising wedge breaking down.
- Prices going below EMA10.
- Indicators turning bearish.
It is looking down now.
If support is found on the blue dashed line, a short-term bounce is possible before more drop, but it is likely that it goes straight lower.
Thanks a lot for reading.
Namaste.