S&P 500 Index | More Red? Looking Extremely Bearish

We can only look at past history here... The S&P 500 Index (SPX) is likely to produce more down/drop/red, all the signals and indicators are FULL BEARISH.

I've marked all the levels on the chart.

The blue dashed line is the "first target", the bold dashed line lower is for the "worst-case scenario" only... It looks like this is where the index is heading.

We see a recovery long-term.

Previous trade ideas:

Jan 5, 2020 | S&P 500 Index Hits New All-Time High, Ready To Drop?

Aug 23, 2019 | Dow Jones Industrial Average Risks Strong Drop!

Thanks a lot for your continued support.

Feel free to leave us comments and likes.

Namaste.

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