S&P 500 Index Strong Drops Coming Monday!

٢٣ أغسطس ٢٠١٩

Next week can signal pure blood for the S&P 500 Index (SPCFD:SPX).

We shared a trade idea warning of an upcoming drop after the SPX hit a new all-time high. This is shown in a shorter time frame below:

As you can see, this index will continue moving lower.

• I expect support to be found at the blue dashed lines.
  
• Resistance, in case the SPX index bounces, can be found at the magenta dashed lines.
  

All of the chart signals are described in the previous trade idea and are still valid.

Thanks a lot for reading.

Namaste.