Ever since the S&P 500 topped at the end of 2021 we have been in a clear bearish down trend.
Here we're looking at the weekly chart. Drawing fibonacci lines we can see the area's of previous support tell us to keep an eye on these levels: 345 320 300 275
We can also see that the RSI is oversold on weekly so we can potentially see a little rally.
Macro trends are not looking great with inflation hanging around, Russia vs Ukraine tensions, etc
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