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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