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LUNGU_FX

S&P 500 MAY CONTINUE ITS BEARSISH MOVE

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US 500 (CURRENCYCOM:US500)  
LUNGU_FX  
CURRENCYCOM:US500   US 500
Trend Analysis Technical Indicators Wave Analysis us500 S&P 500 (SPX500)
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trendanalysis indicator waveanalysis us500 spx500
The S&P 500 has been in a bearish channel for some time and may continue. or not...

- we are retesting a support for the second time created on may 16th.
- We are also in the 61.8% fib pull back
- Market has cratered a bullish wedge
- market has touched the resisting trend line of the bearish channel

we will still wait for a price action reversal like a bearish ingulfing for example.

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