S&P 500 IndexShort
SP500- Entered a strong sell zone
With a 40% drop from the end of February, SP500 is in a clear downtrend.
After reaching a low of 2200, the index rose and is now entered a strong sell zone that extends to 2900.
I expect the correction to be over soon and a new leg down could follow.
I favor sell trades as long as the price is under 2900.
After reaching a low of 2200, the index rose and is now entered a strong sell zone that extends to 2900.
I expect the correction to be over soon and a new leg down could follow.
I favor sell trades as long as the price is under 2900.
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