S&P500 trading flat

Index at key resistance region. WHATS NEXT?


In our previous post, we mentioned that the index is overextended and indeed the index trades in consolidation last week.

The S&P500 trades in flat as it break out of the ascending trend line, invalidating short term bullish momentum.

Short term support level at 3915 region and a breakout of this support can indicate more downside towards 3752 region.

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