SPX fighting hard to regain support at key cloud chart shadow levels of 2777 and 2762! There is downside risk towards next key support level of 2693! Price action is below the cloud and this is bearish.
Short-term swing trade possible from support level back up to bottom end cloud chart resistance zone!
Downside risk towards the top end of the cloud on the weekly cloud chart level of 2693!
Price action is still above the cloud on the weekly chart, and that's bullish.
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