S & P 500 has breached the rising channel support shown the dark red line and currently poised at the Line of Control shown in charts. Also the recovery got stalled at the top end of the channel as shown in chart. For any recovery signs it has to move out of the falling channel. Continuing down in this falling channel may take it to 1395 levels. Break out of the channel with closing above the monthly pivot of 1444 will be positive for it.
Happy Trading !!!
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