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S&P 500 Bearish Trend Resumes

By:
Nenad Kerkez
Published: Oct 6, 2021, 09:27 GMT+00:00

The US500 continues with a bearish trend. We should see new lows

S&P 500 Bearish Trend Resumes
In this article:

The 4350 zone was good to go short. The market reacted with a retracement retracement yesterday exactly to the resistance zone. If momentum continues, which I do expect, we should see 4240 level hit. The trend is bearish now and selling on rallies is the option now. 1-2-3 pattern breakout says it all.

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For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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