S&P 500 Closed below 200 Week Moving average

• SPX closed the week below its 200 week moving average.
• Last weeks candle violated this level but was able to close above it. But this weeks candle closed below it.
• Its looking bad for bulls, If the recent lows are taken out then targets are much lower. I will be doing a detailed weekend update on SPX later.
• BEARISH ENGULFING OF AAPL