S&P 500: Long-term upward trend correction. for OANDA:SPX500USD by Gelium — TradingView

SPX (S&P 500 Index) spx500short

spx spx500short

It is possible to correct the uptrend with a target in the area of 2270. I consider the opening of a short position when approaching the resistance level.

Comment:

snapshot

Most likely, there was a scenario of breaking through the consolidation with a target in the area of 2305. However, the mood of the bulls is strong enough. Therefore, they did not reach the target level.

Order cancelled

Comment:

S&P: small downward model "Head and shoulders".

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