SPX is getting ready for a final battle

SPX is on the way to test 4200 again 

 

SPX has been rejected from 4500 again. A break below 4350 short-term will accelerate the decline and probably lead to a test of the critical long-term downside resistance 4200 again. So far, price action supports this scenario which will be altered only upon a break above 4470.

Note: look for the short trade entries with the stop loss above 4450

 

 

 

 

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