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SP GOING DOWN

The winning period for the bulls is over. The American indices are overbought and the long rise of the last few weeks had no fundamental basis due to the period of crisis in which we find ourselves.
I would focus attention on two very important points. 1-> The ground (maracdo with the blue horizontal lines) is a key area, at the moment this area breaks, red days will await us. 2-> A good buying area I think would be waiting for it to rise to the top of the downtrend (line marked with the pencil above).
Chart PatternsHarmonic PatternsTrend Analysis

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