SPX update: sell-off in slo-mo

FX:SPX500   S&P 500 Index
Here's my view on SPX             structure. There is still some hope left that there could be another upswing to 2120-2130 but the selling pressure is getting more and more apparent. If what we see is indeed a distrubution wedge then we are going to see a correction to upper boundary and then somewhere end Aug-beg Sept the real sell-off will start by breaking 2040 and reaching below 1800.
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