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S&P500

S&P 500 ($SPX) : Watch for a bearish move

 

$SPX has dip back into the kumo with today’s sharp drop from the opening.

At this moment, we can see a huge bearish candle forming and if the price level stays down till the close, it is a bearish signal from the candle formation.

A drop below the kumo wil confirm the above. And this may happen over the next few days.

Kijun sen support is around 1296

By iam802

Trend trading with Ichimoku