- SPX has closed below 20 SMA Next in line is 50 SMA.
- There is a small support at 1215 level.
- Four hour chart shows the up trend line clearly violated. Break of the horizontal support line will turn the trend completely in favor of bears.
- Hour chart shows price at 200 Hour SMA.
- Support levels which are closer are unlikely to be held because of price momentum, It has to fall more. Breaking 1215 will lead to 50 SMA soon.
- COPPER TRIANGLE BREAKDOWN
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