(Video) S&P 500 Turns Bearish As Key Support Violated

As I mentioned in the last market health blog post over at Self Investors, the market has turned to the bearish side and I have two videos for you today taking a look at this important index. One video is from me, taking a look at all the important support and resistance levels on the weekly, daily and hourly time frames of the SPY (S&P tracking ETF) and the other is from Adam Hewison of Market Club taking a look at the S&P 500. He highlights the fibonacci retracement as well as his proprietary trade triangle technology to determine how to play this market in the coming weeks. We both come to the same conclusion.

Click the image to view Adam’s video