RLinda

SP500 ! New range on a downtrend

Short
SP:SPX   S&P 500 Index
sp500 moves into a new side range between the levels of 4290 and 4050. The boundaries are marked by primary stops and the price has only confirmed these levels. Now the index is trading under the resistance level of 4169.5. The closing of the last session was not far from the opening, the price did not move much.

I expect the index to return to the level of 4169 for retesting, after which they may go down to support 4056.

Sincerely, R. Linda!

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