US500 | The Bearish Volume Is High! Further Decline Is Expected

US500 | The Bearish Volume Is High! Further Decline Is Expected

After the price tested the resistance trend line in August 16, 2022, we saw that the sellers
gained the price control again.

Yesterday's price broke down the daily support area of 3890

The price looks headed down now and immediate support will be found near 3784, 3723 and 3655

The market is pricing in the next FOMC decision which will be on September 21st.

Thank you and Good Luck!

Trade closed: target reached: