S&P 500 downtrend continues to at least 4,318


S&P 500 downtrend continues to at least 4,318

S&P 500 futures have respected the downtrend since Jan 4, 2022. They’re headed to a support zone of 4,318 to 4,291 that was last tested in July 2021, October 2021 and January of 2022. Once they reach this zone, they might bounce… or not. I can’t be sure what they’ll do once they reach the zone, but it looks like they will hit that zone given the RSI is breaking to the downside from its rising wedge .


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