S&P 500 undergo build up structure of distribution by big players.
Time has come to test a lot of long term uptrend trend-line and seem like the momentum to break those long term uptrend finally here.
To maintain the momentum to go down to test 2400, 2430 shouldn't be breach. Daily 20MA will now be retest and always be supported by short position players.
With downtrend in place and volume surge to support it...the bears finally gain some traction and dynamic of long term trend might be changing soon.
Time has come to test a lot of long term uptrend trend-line and seem like the momentum to break those long term uptrend finally here.
To maintain the momentum to go down to test 2400, 2430 shouldn't be breach. Daily 20MA will now be retest and always be supported by short position players.
With downtrend in place and volume surge to support it...the bears finally gain some traction and dynamic of long term trend might be changing soon.