InvestMate|S&P500 Where Do We Fall?📉

📉S&P500 Where Do We Fall?

📉The post is a direct continuation of the last post in which I wrote about the possibility of falls at any time.

📉 As you can see Friday's session ended with quite distinctive declines looking at last week's candles.

📉 The support zone where I think the price is heading remains unchanged.

📉 As you can see, all indicators also confirm the possibility of a continuation of the downtrend.

📉 All it takes is for the price to be a few points below, and we are already below the two moving averages 50, 200.

📉Histogram of MACD also on a downtrend.

📉RSI below 50 indicating a changing trend.

📉 Summing up all the arguments for and against, it is hard to deny the possibility of a decline to the support zone marked on the chart.

📉 The scenario I'm playing out is a continuation of the declines to the support zone where I'll be watching closely to see how the price will react. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

📉*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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