SPX is testing the confluence of a resistance
SPX bounce finally led to the 4550 level test. A break above this resistance is needed for the upside continuation as this is a significant confluence of the resistance point with falling trend line and left shoulder of an H&S formation resistance Indicators point to negative divergence and a break below 4480 will accelerate the downside reversal from here.
Note: look for the short trade entries with the stop loss above 4580
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