Sinclair
Short

Lower Highs and Lower Lows SPX500

FX:SPX500   S&P 500 index of US listed shares
Here we have a classic wave to the downside, and after testing the 200 MA, I suspect it will find resistance and begin another leg down. Possible landing spots include the 1.272 retrace or 2027, which is also the March 29th low. However both bright green lines are exactly the same and should the next wave down be the same size it would put the support at the 1.618 retrace or 2017.
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