Índice S&P 500
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The Next Financial Crash

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Hi Traders!

Since the last economic downturn in 2008 we have seen considerable strength with only two shallow consolidation periods, the first in 2011 providing a breakeven year and 2015 with a little less than a -1% consolidation.

December has seen price sharply fall which is likely to confirm the largest correction since the -38.47% corrective period in 2008.

Are we witnessing the next financial downturn?
Nota
The 2018 support level at $2,600 has now been broken.

There is no clean horizontal support until price enters the $2,400 zone.

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Chart PatternshallandcotradingTechnical IndicatorstomhalltomhallforexTrend Analysis

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