Yes, I have held a bearish view over the past few weeks as the cash S&P500 has moved sideways. I believe it is called "distribution".
Anyways, today's chart shows that yesterday's high was made at a confluence of a Gann Fan line ( the upward sloping lines from the June 7 low), a Gann price target (the horizontal solid green line), and the 94.1% Fibonacci retracement of the previous swing down.
Seems like a good point for a turn down to me.
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