JamesBrown

Long Term Outlook is Bleak For S&P 500

Short
FX:SPX500   S&P 500 Index
After reacting to the 1.5 fibs extension from the 1995 to 2000 bump and run pattern a few months back, putting in the current all time high, price is set to retrace and test some major levels.

The RSI is also now in "give back" mode, and it could be set move all the way down to oversold levels, like the 2000 and 2008 bear markets.

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