The H&S patterns from the rally highs that I was looking at a week ago all made their target areas yesterday and SPX is now testing important support at 3900. This area was significant on the way up in early 2021, and was then key support in May, resistance in June, and was broken as resistance and backtested as support in July. Bulls need to hold this area if they want to go higher, and bears need to break it hard if they want to retest the 2022 low at 3636.87 and go lower.
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