S&P 500 ready for the next leg down

S&P500.60MIN TWO DIFFERENT COUNTS SUGGESTING ANOTHER SERIES OF NEW LOWS AT 1,020. The anticipated resistance at 1,223 pushed prices down, retesting 1,100. However, we are still above the 1,020 targets we’ve been mentioning for more than a month now. The preferred count sees one more push up to 1,223-1,243 and then a sharp decline to the mentioned levels.
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Coverage Global: Dow 30 components, Global Indices, ETF SPDRS, Commodities
Dan-Andrei Rusu graduated in 2005 the Faculty of Economics Cluj-Napoca, “Dimitrie Cantemir” University. In the same year he joined BT Securities as a financial analyst. He is currently the Head of Research at BT Securities and a speaker with Romanian Brokers’ Association. He is an MTA (Market Technicians Association, New York) affiliate and cleared CMT level 1 exam. He is a contributing columnist for Orpheus Capitals for the ALPHA GLOBAL INDICES.