High potential to go down

FX:SPX500   S&P 500 Index
250 5 2
1.618 inverse EXT on SPX             . We could sell the break out ? What do you think ?
Actually buy the break out should go up to 2080 from here All nation bank are doing QE prepping the market up
jibeex fb1807
No, the US Federal Reserve has stopped the QE. The is the reef of the stock.
We do not see any downside until 2080 price is to go up to 2080 then pullback to 2027 Every national bank is doing some form of QE
I see a strong resistance overhead as you are showing here with red line. I don't see deep down for the moment because there is still some energy to high side on daily and weekly view, but all other timeframes are showing down trend. Actual potential is weak with only minus 5% approximately. On monthly view that is another story, patience will work.
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