Get started
MBForex

S&P 500 Price Outlook: Bull-Market Correction or More? CPI Setup

S&P 500 Index (FX:SPX500)  
MBForex  
FX:SPX500   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators SPX (S&P 500 Index) S&P 500 (SPX500)
4
0
trendanalysis chartpattern indicator spx spx500
The S&P 500 marked an outside-day reversal off fresh record highs yesterday – a feat achieved three times this year. In fact, all five of the previous instances of outside-day reversals in the index did extend lower with an average decline of ~4% before resumption. The decline has already marked a sell-off of more than 3.1% in early US trade on Tuesday with the immediate focus on today’s close with respect to the March trendline. Review Full Setup
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.