SPX set to fall to $3900 levels

٢٩ أغسطس ٢٠٢٢

I have marked multiple zones on SPX and have a strong feeling that we will break down even lower and fall to sub-4000 levels.

This marks a bull trap and would cause a lot of worry in the markets and multiple people will sell off.

Interest rates are hawkish and I think they will go higher into the rest of the year.

Not financial advice.