S&P500 to 3500 level?
S&P500 charts are looking bleak given the structure. If the weekly chart closes below 4100, there is likely more downside from a technical analysis angle.
The next strong support is at 3500 which is a possible target level from a medium term perspective. That is a 15% downside from current levels. Any relief rallies could be good opportunity to lighten up your portfolio.
$S&P 500 Index(.SPX.US$ $NASDAQ(NASDAQ.US$ $Dow Jones Industrial Average(.DJI.US$ $CBOE Volatility S&P 500 Index(.VIX.US$
The next strong support is at 3500 which is a possible target level from a medium term perspective. That is a 15% downside from current levels. Any relief rallies could be good opportunity to lighten up your portfolio.
$S&P 500 Index(.SPX.US$ $NASDAQ(NASDAQ.US$ $Dow Jones Industrial Average(.DJI.US$ $CBOE Volatility S&P 500 Index(.VIX.US$
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