- S&P 500 is now trading well below its 50 and 200 day moving average.
- The most important support areas are 1071, 1065, 1055, 1050 and a close below these numbers is good news for the bears.
- The bearish engulfing that formed in daily chart is showing its effects.
- S&P 500 TRIANGLE BREAK DOWN
- CLICK HERE TO SEE HOW BEARISH ENGULFING FORMED IN S&P 500
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