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S&P 500 (Daily Chart) - Support is Broken

Short
S&P 500 Index (SP:SPX)  
SynapseTrading  
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Beyond Technical Analysis S&P 500 (SPX500) Stocks usstocks bearmarket Technical Analysis priceactionanalysis
2
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trendanalysis chartpattern beyondta spx500 stocks usstocks bearmarket technicalanalysis priceactionanalysis
After consolidating for the past few months, the S&P 500 has finally broken the major support level and is heading down.

The pattern looks a lot like a potential double top, so this could lead into something more serious.

We have been mainly short (besides capturing a few small rebounds) for the past few weeks, and I will continue to add positions on pullbacks.
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