SPX500 is expected to continue the downtrend

Support was broken at 4,330

Price went back up at 4,241

Support that turned into resistance at 4,330 failed to break and the price went down again

Manage your risk and do not enter new trades


The current view is an extension of the idea posted on 18 Aug 23. We have been proved right until now.

https://www.tradingview.com/chart/SPX500/Sqv8sn3K-SPX500-in-downtrend/