SPX ready for an explosive move?

SPX price action squeeze coming to an end

 

SPX has been rejected from 4600 again. It has formed a triangle consolidation squeeze since. A confirmed break below 4400 is required for a complete downside reversal. 10 EMA is crossing below 200 SMA after a long time so this could be the most probable scenario. A break above 4580 is required to invalidate the downside extension.

Note: look for the short trade entries with the stop loss above 4500 

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