S&P500 Index (SPY) Very Bearish Outlook

١٩ ديسمبر ٢٠٢٢

2 important bearish breakouts on S&P500 Index on a daily:
the price broke and closed below a support line of a rising parallel channel,
the price violated a horizontal demand zone.

Look for shorting opportunities from the underlined blue area.
I will expect a bearish continuation to 3750 from that.

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