The index continued its decline during yesterday’s session, breaking the support area 4189 – 4166$. And the confirmation of that breakout, will lead the S&P500 to targeting lower levels near to 4104 – 4050$ in the short term basis.
Accordingly, breaking the last bottom 4,216$, that confirmed the current downtrend and the negative indicators, which all of this support the negative scenario mentioned above.
The index need to raise again above 4216 – 4260$, to cancel the negative scenario.
Accordingly, breaking the last bottom 4,216$, that confirmed the current downtrend and the negative indicators, which all of this support the negative scenario mentioned above.
The index need to raise again above 4216 – 4260$, to cancel the negative scenario.