The S&P500, as well as the equity market in general, are under heavy negative sentiment lately. According to my technical picture, it's getting increasingly evident that there's a lot more downside potential in the pipeline. Aiming at the next major support key level of $2612 is my game plan. Check it out.

Price chart of SPX in real time mode

S&P500 - Negative sentiment is escalating

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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