- Price has closed below 50 SMA. Next level for bears is the 20 SMA. Price closing below 20 SMA would swing momentum in favor of bears.
- Below 4900 - 4916 the GAP in daily chart may get faded.
- One shall also look for a close below day low EMA which will strengthen bears further.
- 20 SMA @ 4937
- 5 Day Low EMA @ 4935
- 50 Day SMA @ 5017
- S&P 500 EOD ANALYSIS
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