- SPX near 1250 level. Last fall of SPX took support at this level.
- Worrying thing for bulls is the price momentum.
- Price is also moving away from 200 DMA. Second chart clearly shows the last fall took place above 200 DMA. This time price has fallen below 200 DMA.
- So bulls need to get back above 200 DMA otherwise all bounces will get sold off.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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