- Weekly ichimoku cloud shows price unable to sustain the breakout above the cloud on both the attempts and resulting in a similar kind of fall.
- 20 Week SMA is taken out by bears now they need a weekly close below it.
- Next crucial level in weekly chart to be violated is the 50 Week SMA at 5086 and if price break this we may see the 50% Fibonacci level.
- For bulls they need to hold on to 50 and 200 Day SMA which were discussed in yesterday's post.
- S&P 500 EOD UPDATE
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