FX:SPX500   S&P 500 Index
Last week, S&P 500 index ended with a bearish candlestick , thereby creating a bearish engulf. Coming days, the index likely to fall on short term to 2935 after a brief testing of 3100. Volume however suggests that the index on the medium term could still fall further to test the bullish order candlestick at 2700 as the average declining volume is much higher than the average increasing volume .

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