SPX previous failed range support but currently double bottomed and retested previous support. If this is a bearish retest than we can see SPX drop again to local support at 3900. However the RSI broke out of its bearish trend signaling a possible continuation to 4500.
Kommentar:
Rreached upper resistance of the cone, validating it. Heading to range support. Break out of cone will take SPX to 5300s
