![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5znW46d6PzIAOJwtnenQaht2z_q_g_sjTazoswgpLEzVu2KF66cd8JC5wsrK0jS6Hy9x-8GvTuYGjL9h42tp3AT64lFs95dzOx1w87eBhjAy6caVXW0-4bhVMxoCxTyMDWrADqBcPvHre/s640/SPX+WEEKLY+CHART.png)
- SPX Closed below 20 day sma.
- Next crucial support at 50 Day SMA. Daily MACD shows a sell signal. 50 SMA at 1600 has to break for the sell signal to gain strength further.
- Weekly chart shows weakness after negative divergence. Weekly RSI falling below 70% line will help bears to extend the down move.
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