The S&P 500 broke major support at 2400. I have identified a support zone on the chart. We will see what happens but the short-term trend is down.
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Fibonacci retracement levels for another perspective on the downtrend.
Technical Analysis is about identifying the trend
Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
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