Last Friday, the S&P 500 Index ( $S&P 500 Index (.SPX.US)$) didn’t close the week on a strong note. Thursday saw a solid bearish candle, while on Friday, the price initially opened higher but ultimately ended the day lower.
This price action could indicate profit-taking or position trimming ahead of expected market volatility due to upcoming political events.
The uptrend remains intact, and minor price corrections ...

Hi guys!
Anyone thinking of shorting $S&P 500 Index (.SPX.US)$?
On the daily timeframe, with prices moving in a descending trend channel, we have a bearish bias that price will continue to drop form the entry at 3904.920 at the overlap resistance in line with the 50% fibonacci retracement to the take profit at 3646.730 at the swing low in line with the 61.8% fibonacci projection.
Alternatively, price may break through the resistance and rise to the stop loss at 4086.796 a...