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S&P 500 downtrend continues to at least 4,318

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Kontrak Berjangka E-mini S&P 500 (CME_MINI:ES1!)  
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CME_MINI:ES1!   Kontrak Berjangka E-mini S&P 500
Support and Resistance Chart Patterns Wedge sp500index sp500future S&P 500 (SPX500)
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supportandresistance chartpattern wedgepattern sp500index sp500future spx500
S&P 500 futures have respected the downtrend since Jan 4, 2022. They're headed to a support zone of 4,318 to 4,291 that was last tested in July 2021, October 2021 and January of 2022. Once they reach this zone, they might bounce... or not. I can't be sure what they'll do once they reach the zone, but it looks like they will hit that zone given the RSI is breaking to the downside from its rising wedge.
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