SPX retesting the broken downside resistance

SPX is retesting the broken downside resistance

 

SPX is retesting 3850 which is the strong downside resistance that was broken to the downside. A rejection here could lead to a downside strong continuation and a test of the critical 3200 level. This is also the uptrend channel resistance line which was broken.

Note: look for the short trade entries with the stop loss above 3930

 

 

 

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