CasualFinance

Next Stop 2575?

Short
FX:SPX500   S&P 500 Index
SPX500 broke through short term support and tested support-turned-resistance overnight. With no close support in sight, next stop may be 2575 before it can reestablish support. The long term descending triangle ( bearish 66% of the time) does not paint a pretty picture for equities in the days and weeks ahead.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.