SPX update, possible head and shoulders

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Clear oversold bounce the past couple days. Market is still very volatile, unhealthy movements in either direction. But now we are entering in a strong resistance zone. The 4500 range will be crucial to decide the market for the next few months. It will be a waiting game; personally I am bearish as rotation of sectors is common and now that growth has died back to pre-covid levels, the same can be said with value stocks soon.

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ملاحظة

Double top on that right shoulder, cant say for sure if that is the final breakdown. Still, possible to see 4300 range next week.