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.
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