SPX downside to continue?
In the past three days, SPX was rejected by the 4600 critical upside resistance level. A break above this resistance is needed for the upside continuation, which is highly unlikely as SPX seems to be ending a correction in the second wave of the incoming long-term five waves down. A break below 4500 is needed to accelerate the downside towards 4250 again.
Note: look for the short trade entries with the stop loss above 4600
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