Bearish Turn on $SPX | Watch For Potential Pullback!

Profit-taking has kicked in, highlighted by a bearish engulfing candle, indicating a potential shift to a downward move.

This suggests sellers are gaining control following the recent uptrend.

Support: Potential support level around 1.7

Resistance: Watch for resistance near 1.9

Confirmation: Increased trading volume will help confirm the bearish trend.

Stay cautious and monitor these levels closely!

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