ssen
Short

S&P-500 to resume its downtrend?

CURRENCYCOM:US500   S&P 500
Price touched 50% retracement level of the recent crash as well as the upper band of the ascending channel which is a bearish pattern . There is high probability that the price is going to reverse and resume its down trend after breaking the channel support.
N.B, Please note that this is a market study based on my knowledge and experience and not a trade suggestion for anyone to follow. I shall not be responsible for the outcome of a trade taken based on this view.

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