This short term setup on the S&P500 (US500.I) looks like it is trying to exploit the situation. There has been a corrective bounce higher into key resistance which appears to be a favourable place to set shorts for a move back to or towards the June 16 lows.
from Tools feed https://www.tradingfloor.com/posts/corrective-bounce-a-sign-of-weakness-for-sp500-7803946?utm_medium=tf4-feed&utm_source=extract
Corrective bounce a sign of weakness for S&P500
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