Mihai_Iacob

SP500- Game over?

Short
FOREXCOM:SPX500   S&P 500 Index
In my last SP500 analysis, I've spoken about the 2900 strong sell zone. The index has reversed exactly from this area and now is trading at 2800 rising trend line support.
I believe this support will give up and a drop for SP is imminent.
I drop to 2200 is definitively in the cards in the next period, but a new low for this bearish market is not out of the question.
Prices under 2900-3000 should be sold for at least a target of 2200 in the medium term

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