alanmasters

S&P 500 Index (More Red | 2468 & Lower Possible)

Short
SPCFD:SPX   S&P 500 Index
We caught the drop as usual... I appreciate your support, so I received many messages and here is an update to the S&P 500 Index chart.

But first... Previous analysis | Feb 24 | S&P 500 Index Incoming Drop | Heading For 3258

S&P 500 Index Chart Analysis by Alan Masters

Prices for SPX are going straight down and the charts are telling me that this can easily continue.

Right now EMA200, MA200, and EMA300 were all broken-down like healthy natural & organic pastured fed raw hot butter... On increasing volume with bearish indicators, telling us that more red can come.

Now, if you want to look at more targets, here is the weekly chart:

What's your take, how low you think it can go?

Namaste.
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Comments

Pullback Next week
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alanmasters gurvitchiller
@gurvitchiller, And then more red...
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