S&P500 INDEX (SPY) Technical Outlook

١٦ أكتوبر ٢٠٢٢

Hey traders,

S&P500 index is currently approaching 3515 - 3680 horizontal weekly structure support.
I believe that the next bearish wave will initiate after its breakout.

Patiently wait for a weekly candle close below the underlined area.
A bearish continuation will be expected to 3300 then.

Good luck next week!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️