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.


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