S&P 500 – Bearish break confirmed
Tuesday’s daily close at 2111.7 was below the critical support region around 2120 and also the lowest July 8.
That marks a bearish break and adds credence to the breach of rising trend line in October and the falling tops formation seen since August 23.
The immediate support is seen around 2103 (23.6% of Feb low – Aug high).
That marks a bearish break and adds credence to the breach of rising trend line in October and the falling tops formation seen since August 23.
The immediate support is seen around 2103 (23.6% of Feb low – Aug high).
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