SPX - Long
SNP500 seems to have found a support level at around 3800 (Fib 0.618)
It will likely rise to the falling trend line. If it breaks the trend line, it could be the end of the bearish trend. It is also significant that this price action is happening close to the end of the year.
If the price falls from the trend line, it will confirm the continuation of the bearish trend and the price will most likely break its current support
It will likely rise to the falling trend line. If it breaks the trend line, it could be the end of the bearish trend. It is also significant that this price action is happening close to the end of the year.
If the price falls from the trend line, it will confirm the continuation of the bearish trend and the price will most likely break its current support
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