SPX Support Broken!
Updated
The S&P 500 has broken its trendline support, which has held up since November, as well as its 20-day SMA. This is not a good sign as it suggests a market correction might be on the cards. Right now the S&P 500 is hovering above the 50-day SMA. If that breaks it means we are in correction territory (strong support at 3547). Be careful and have some cash on hand in this volatile market!
Note
Careful! SPX near 50 DMA. Market Correction imminent!
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