- Long term overall down trend has stayed in tact
- Short term up trend has been broken (blue arrow)
- Fresh supply zone marked with candles closing below it
- Nearest landing of substantiality is near 3762 - 3753
With recent news on the FED's outlook of an "official" recession along with potential ADDITIONAL rate hikes into the new year, the SPX (S&P 500) looks to go a little lower with more pain to come.
What I've noticed:
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