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$SPX Is this top before the next leg down?

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As you can see SPX is running to major resistance levels and trend lines.

Appears to be forming a right shoulder of bearish Head and Shoulders chart pattern.

NFLX is expected to mis earnings and is already dumping after hours market.

Could bad earnings of other big companies going to be the catalyst for the next wave down?

Many bears are predicting a 20% drop if thats the case.

You can also see a triple bearish divergence on RSI.

🐻🎣

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