![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUrz-pIS-dn1tKLgupA5CyNrpbDBYKljEV_rZcczzP54nZ72jns17GYGXbZ8tuRmP42BgxTDUD3NU5wJWHBPRV3HX70HkjTs8tr7sgIKDcyiXG1dsrzLPLtFVdooWPodWQOYRF4fTtc_IR/s640/SPX+Month+candles.png)
- SPX Daily chart shows price testing crucial moving averages. Further weakness if price starts to trade below these levels.
- 2020 - 2030 is a crucial support zone. Weekly close below these levels may further weaken SPX Bulls.
- Month chart shows Bearish upper shadows for Month candles. Upper shadows shows price unable to close the month above 2100 levels. Unless this happen a bigger breakout is not possible.
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