docibby
Long

SPX500 - not finished with bounces...yet.

FX:SPX500   S&P 500 index of US listed shares
We can see this big head and shoulders structure, but there is no easy path for bears - we would still need a news catalyst for a serious breakdown. The way it is : look for continued selling of big funds in to strength = they use bullish looking upmoves to further unload their stocks ( in all major sectors ).

Big picture looks more and more bearish , but short term I would still expect a bounce to at least 2060.0
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