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vf_investment
Sep 16, 2022 9:51 AM

SPX more downside soon Short

S&P 500SP

Description

SPX remains bearish.
The downsloping resistance line (yellow line) is still acting as a long-term resistance
The price is breaking down from the Rising Broaderning Wedge which is a bearish pattern.

We expect the price to get rejected from the previous support which now should be acting as a resistance.

More downside coming.
Targets shown in the chart.

Good luck

Trade closed: target reached

Price is close to the target 1.
We recommend to take profit now

Comment

Target 1 reached perfectly and the price bounces.
Before reaching Target 2, more bounces expected

Comment

As expected, the price bounce continues. Typical bear market rally.

Comment

bear market rally about to end. Expecting the rejection and downtrend continuation. Be ready

Comment

SPX is ready to resume the downtrend . Be careful .

Trade active

As expected, erfect rejections from the downsloping resistance line. Nothing has changed. Shorting it and waiting patiently for reaching targets!

Comment

The key trendline is being tested again. If this key resistance breaks, we may see some upside.
Comments
Gold-Tech
Whether you're right or wrong, the price will show in the near future. But I agree with you.
RLinda
Thanks, keep up the good work) Love your analysis
ProjectSyndicate
reliable technical overview, thumbs up
Tolberti
Very interesting idea!
CryptoCheck-
Agreed! Thanks
neatfreak301
Excellent TA. please keep us updated. Thanks!
MarsSignals
nice
UnknownUnicorn15614419
Looks like a winner🔥
Solldy
What a great idea! It remains to wait for the price to fix, and you can enter the position)
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