Momentums Deteriorated as S&P Struggled to Get Pass 2800

momentums deteriorated as S&P struggled to get pass 2800. The index could signal a downward trajectory, depending on how it closes over the next few days. Initial support is defined by the lower boundary of the pink band, around 2740. If it closes below that level, the next leg is likely lower, and we’re looking at 2700-2650

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