GRIM weekly candlestick of the S&P500
The latest weekly candle of the S&P500 looks grim. The 4150 region which was identified as one of the potential resistance and the index rejected hard from it.
Price fell back to below the descending trend line and even broke pass the 3915 support region.
Bearish momentum is likely to take a pause before heading towards 3815 support region.
However, if price climbs back to above 3915, reaching back 4000 is a possibility.
Price fell back to below the descending trend line and even broke pass the 3915 support region.
Bearish momentum is likely to take a pause before heading towards 3815 support region.
However, if price climbs back to above 3915, reaching back 4000 is a possibility.
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