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SPX500USD has broken out of its ascending support line!

Short
S&P 500 Index (OANDA:SPX500USD)  
ICmarkets Broker Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Harmonic Patterns Chart Patterns S&P 500 (SPX500) USD spx500usdshort Forex forexsignals Bitcoin (Cryptocurrency) bitcoinforecast
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trendanalysis harmonicpatterns chartpattern spx500 usd spx500usdshort forex forexsignals bitcoin bitcoinforecast
SPX500USD has broken out of its ascending support turned resistance line where it could potentially drop further. If it breaks past its support at 2662 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support), it could fall to its next support at 2630 (100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing low support).
RSI (89) has broken out of its corresponding ascending support line. Ichimoku cloud is also seeing bearish pressure which contributes to our bearish bias.
Trade closed: target reached:
SPX500 dropped perfectly to our profit target!
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