S&P500 closed at a critical level yesterday. The after Covid-19 trend is testing to the downside and the Spearman indicator gave a rare signal. The indicator fell from the over 80 levels to below -80 uninterrupted 3 times in the last year and after getting to below negative zone S&P 500 fell %4,76 – %6,99 – %4,26.
If the pattern repeats again, with the breaking of 3890 support, S&P 500 may fall to the 3725 support or more in the coming days.
