S&P 500 end of rally and time for a pullback???
Is this the end of that rally for the S&P? I see several strong indicators that this could be the end for now and a pullback is coming.
- Testing 200 day moving average
- Testing top of down channel
- RSI very oversold
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Thursday 1:45pm
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Test of 20 day moving average underway.
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End of Friday, and if you slide the 20 day to the right one bar this would be an exact test of support. If gap down Monday, then I would assume that price goes to at least the $405 level.
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As I expected, this is confirmed now that we are below the 20 day average
