- SPX Daily closed below 50 and 20 day sma. These two moving averages does a bearish cross as well.
- Next crucial support levels are near 1357 - 1358 level. Daily chart has a possible Head and shoulders pattern which has not given a breakdown yet.
- Weekly candle looks almost like a bearish Engulfing pattern. Trading below 20 week SMA will favor bears to extend this fall.
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