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AlanSantana
May 2, 2019 6:45 PM

S&P 500 Index Drops Below Support (Is This It?) Short

OANDA:SPX500USD1D
US SPX 500OANDA

Description

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Yesterday the S&P 500 Index (SPX) dropped and closed below EMA10 which is an indicator that marks strong support for this index. Trading below it gives it bearish potential.

Today, the SPX tried to move up and was quickly rejected on growing bear volume. We believe this can go much lower.

You can see all the signals and details of this drop before it happened here:


Make sure to hit like to show your support.

Thanks a lot for reading.

This is not financial advice.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisSPX (S&P 500 Index)SPS&P 500 (SPX500)indexalanmastersStocks
Comments
SalN
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No. This is not it. A little bit lower before we resume up to just under 3,000. Then that will be it for this 5 month long wave 1
AlanSantana
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@SalN, Thanks a lot for sharing.
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