Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

S&P500 analysis - 9 March 2026 #sp500 #trading #forexsignals #hometraderclub

10 Mar 2026 · 1 min

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Vladimir Ribakov says the S&P 500's long-term uptrend is still intact but in a short-term correction. A broken wedge pattern shows lower highs and lows. He projects the index could drop to 6,500, then 6,462, with support at 6,100.

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So, uh, the bottom line for the S&P, uh, the way I see that, the long-term run is not over. On the short term, I believe we entered the corrective, um, corrective moment, corrective cycle. This wedge was broken down, so I believe that these current lower highs, lower lows hint that we are going in a bearish direction, and I believe that we should be, uh, uh, heading down to 6,500, then 6,462, and the broken resistance from the weekly chart that act as the, um, support now around the 6,100. What do you think about the S&P? Let me know in the comments.