Traders Brace Yourself: The S&P 500 Is Ready To Crack

The S&P 500 is threatening a breach of the high-volume support zone first tested in October of last year at 1820 – 1880. 

This zone remains support however the re-visit of this zone is a bearish development with the odds of an eventual breach most likely. 

A breach of support would open the door for an accelerating decline.  The next lower target / support is at 1625 – 1704.  In such a scenario, this lower support zone is likely to be an advantageous buying opportunity.


If you’d like to learn more about how to read the stock market using volume at price information, click here


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