SP500 - 200dma
The Sp500 has broken down from what is an obvious head & shoulders pattern.
Price has now reached the 200ema and may find some relief here. A failure to hold onto this level will see the next level tagged 4200 ( the vwap from the swing high, peak).
We currently in the most bearish period seasonally so this sell off was 'expected'.
RSI is in oversold territory...
Price has now reached the 200ema and may find some relief here. A failure to hold onto this level will see the next level tagged 4200 ( the vwap from the swing high, peak).
We currently in the most bearish period seasonally so this sell off was 'expected'.
RSI is in oversold territory...
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