S&P 500 Index Chart Analysis

This is what we have now for the S&P 500 Index (SPX):

• A rising wedge breaking down.
  
• Prices going below EMA10.
  
• Indicators turning bearish.
  

It is looking down now.

If support is found on the blue dashed line, a short-term bounce is possible before more drop, but it is likely that it goes straight lower.

Thanks a lot for reading.

Namaste.

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