5151dan

Another SNP500 correction.Preparing for the final race?

CME_MINI:ES1!   S&P 500 E-mini Futures
There is an idea that this correction of the SNP500 index. Another attempt to shake weak hands out of stocks. Events that are coming. The end of the next quarter and the end of the fiscal year in the United States. Funds after this correction will be able to form positions for the Christmas rally. If you look at the last 3 years, then in September and October there were almost always corrections of the SNP500 index. The third week of the index decline has just begun. The price reached the first support at 4350-4400. It is likely that the index will test the next support in the 4250-4200 region. But it's still hard to call it a stock market reversal. The correction to the level of 4200 according to SNP500 is only 6.6%. The only thing that caught my eye was that the price broke through the trend line, which indicates the weak strength of the bulls. Perhaps we can see the distribution of their shares by large players. But this process will also take some time. My opinion is that equity investors will see new highs
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