S&P500 Lack Of Strength For Growth. What Will Market Do?📉

📉S&P500 Lack Of Strength For Growth. What Will Market Do?

📉As I wrote in my last post, I expect the declines to continue:

📉The market has lacked the strength to make any bolder moves in recent days.

📉The only noteworthy thing was for stopping the declines and a tentative attempt to make an upward correction cause it is hard to call it a continuation of the trend.

📉It looks like the market will try to attack the area of resistance where the level of 0.382 of the whole downward wave and the 50-period moving average are located.

📉But at any moment I am looking for some signs of the beginning of the continuation of the downward trend to the levels of the support zone marked in the previous post.

📉The scenario that I am playing out is to look for a strong price reaction that will confirm the continuation of the downtrend with a teget in the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

📉*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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