S&P 500 is currently in a channel with 3543.92 as Resistance an 3226.14 as support
Multiple Bearish Sign including :
There is a Double Top on Daily and Weekly
A Failed H&S on Daily Chart
MACD is bearish on Daily Chart.
Daily 20 MA looks Bearish
Daily, Weekly 50 MA has been broken before
S&P 500 will test the W 3408 Resistance level soon.
If it breaks through, W 3338 is the next resistance level.
If it breaks through M 3226 is the next level which should holds.
Multiple Bearish Sign including :
There is a Double Top on Daily and Weekly
A Failed H&S on Daily Chart
MACD is bearish on Daily Chart.
Daily 20 MA looks Bearish
Daily, Weekly 50 MA has been broken before
S&P 500 will test the W 3408 Resistance level soon.
If it breaks through, W 3338 is the next resistance level.
If it breaks through M 3226 is the next level which should holds.