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19.08.2025 05:29 AM
S&P 500 Forecast for August 19, 2025

S&P 500

On the daily chart of the S&P 500 index, a reversal "nine" has formed for the fifth time in a row according to the Sequential indicator (T. DeMark). The last time we saw four consecutive "nines" was in early September 2021, which later led to a 6.0% decline in the index.

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Five "nines" could result in an even deeper decline. For example, a drop of 8.5% would bring the price to the June support level of 5915. A drop of 9.6% would take the price to the strong support area of November 2024 – January 2025 at 5843. This level would also coincide with the 38.2% retracement from the entire rally that started on April 8.

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Linear indicators point to the MACD line (6300) as the confirming reversal level. It also coincides with the resistance of July 15.

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The first signal will be the price breaking below the MACD line on the four-hour chart (6422).

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