SPX is testing 3750
SPX is trying to confirm a break below the long-term channel support. A break below 3750 will lead to a further acceleration lower to the 3400-3500 zone. It has formed a descending wedge and in combination with positive RSI divergence, it gives us a probability of a swing higher into 4000 at least.
Note: look for the long trade entries with the stop loss below 3740 in case of a stop out reverse the trade to short with the stop loss above 3800
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