S&P 500 31 Day chart highlights the 2 failed attempts near approx. 1,050 (red arrows) and the breaking of a minor trend line (green line).

31 Day S&P Chart

Source: RedTech Research

As long as prices stay below 1,050, the market has a bearish tone as this level is a more significant overhead supply zone as the above chart highlights.

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Posted at 01:00 PM in Finance | Permalink

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