S&P 500 IndexShort
SP500: Medium-Term Consolidation
Updated
In monthly time frame, we see a possible development of "C Area" and potential arrest of technical rebound, we think that from this area, could start a second bearish leg with potential test 50MA developed with (a)AB=CD bearish pattern. TARGET 1 @ 1.895 (d AREA) and TARGET 2 @ 1.795 (D AREA) and a stop protection above 88.6AB or HS.
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SignalSuisse
nonsolotrading.com
===========================================
We appreciate your interest in our analysis, if you agree (or not) with our work, and would like to continue reading our opinions, be part of it with your "I Like"... Thanks a lot!
SignalSuisse
nonsolotrading.com
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