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S&P-500 - is megaphone indeed playing out?

S&P 500 Index (SP:SPX)  
Silvestrov  
SP:SPX   S&P 500 Index
Support and Resistance Chart Patterns megaphone megaphonetop S&P 500 (SPX500) SPX (S&P 500 Index) usindex Equity
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supportandresistance chartpattern megaphone megaphonetop spx500 spx usindex equity
SPX went below February highs and broke down key support levels.

If megaphone is indeed playing out, we are just at the very beginning of the move down.

"Buying the dip" might lead to some very negative surprises at the moment, so extra caution is required.

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