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VasilyTrader
Nov 5, 2022 9:48 AM

S&P500 INDEX (SPY) Waiting For The Next Move Short

FX:SPX5001D
S&P 500 index of US listed sharesFXCM

Description

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Even though S&P500 index was very bullish on Friday,
don't forget that the index is trading in a global bearish trend.

The price has recently completed a correctional movement within a rising wedge pattern and broke its support.

I believe that the market will drop soon.
Goals: 3666 / 3588

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
WedgeElliott WaveCandlestick AnalysisS&P 500 (SPX500)indexesSPDR S&P 500 ETF (SPY) S&P 500 E-Mini FuturesS&P 500nasdaqNASDAQ 100 CFDnasdaq100
Comments
TheSignalyst
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Yess that's it
VasilyTrader
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Are you bearish on SPY?
AtlasTrades
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Hi my friend! very accurate pattern on SPX500, Im agree
AnabelSignals
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I had same thoughts!
UnitedSignals
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Perfect view !
YMGroup
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Thank you for your insight for SPX500
Michael_Winner
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Thank you for your SPX500 analysis!
JoeChampion
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i agree on the stock market bearish bias, thx buddy!
Cybernetics_tl
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A great correction , it’s a way to trade that we really like ! Thanks
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