Hello,Traders! S&P500 broke out of the rising wedge With the gap, most likely on the fears Of the Evergrande default crisis in China Which might spark a chain default reaction In China and across the globe If Beijing does not intervene Taking of the SPY, I don't think that this is the end Of the bullish rally, but a healthy correction is needed So I am expecting the price to drop To the technically and psychologically important level of 400$ Which would give us a 10% correction from the all time high From that level the growth shall continue Until the FED stops its easing program Sell! Like, comment and subscribe to boost your trading!
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