SPX at critical resistance point right now.
Updated
Just a very quick TradingView exclusive update on the PSX. Today we are at a critical point and i believe it is more likely this creates selling pressure to at least visit the 100-day MA before continuing a decline. this could be a slow decline or very fast if we head into a crash. We need to be watchin if the FED reverses policy which they may not considering inflation. There is a Russia scape goat right now though i could see as a potential to be blamed for many of our own politically stupid economic moves over the decades. If the FED turns around, starts printing, lending increases, government spends like drunken sailors, expect the SPX to rise nominally but he question becomes, what does it buy you? if those things increase at a faster rate when what does the stock matter? i think commodities are going to win in this long term inflation battle along with this war happening. At least for now as government could create rationing orders that could smash profits from companies and even put them out of business. This is going to be a wild next ten years. Stay Classy TradingView.
Note
Also, Look at the percentage of stocks in the S&P 500 below the 200-day MA. That is over half of them and if we compare them on a percentage basis the SPX, we can see how well they lined up, how long ago they started selling off and now, that SPX 200day MA could even be resistance for those indicating the larger weighted stocks in the S&P just need a small sell off to have a large move on this chart.Note
Here is a link to an image of it. Its not posting in the comments. 
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