The S&P 500 had crashed through 2 candlestick gaps and closed just above the 60-day SMA. If the S&P cannot maintain above the 60-day SMA, it will fall further as the next support level is the next candlestick gap line (thicker line).
We still maintain a bearish trend for S&P unless there are at least 2 bullish indicators.
http://sg-stock.blogspot.com/2020/10/s-500-technical-analysis-part-11.html
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