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S&P 500 Index Might Test Support Next (Lower Highs)

Short
SPCFD:SPX   S&P 500 Index
The S&P 500 (SPX) has been printing lower highs and is losing momentum, a potential drop is developing.

On the chart above I've marked the different support levels as well as the different potential scenarios.

We believe the SPX will move lower based on chart signals and past history.

Feel free to leave a question and share your thoughts.

Previous analysis:
Thanks a lot for reading.

Namaste.


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