The S&P 500 chart shows:
1. Price is fluctuating in a very important zone (3200 - 3395)
2. Given analysis of the S&P 500 volatility chart (separate analysis to be posted here on TradingView), there is 80% chance that price will recover higher than 3286 (as at close of 30 Oct 2020)
3. However, if the S&P 500 price level of 3200 is broken, there is a chance that price might retest this level (3200 support-resistance flip) and continues to fall further.
1. Price is fluctuating in a very important zone (3200 - 3395)
2. Given analysis of the S&P 500 volatility chart (separate analysis to be posted here on TradingView), there is 80% chance that price will recover higher than 3286 (as at close of 30 Oct 2020)
3. However, if the S&P 500 price level of 3200 is broken, there is a chance that price might retest this level (3200 support-resistance flip) and continues to fall further.