S&P 500 end of rally and time for a pullback???

2022年8月17日

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
  

2022年8月18日

ノート

Thursday 1:45pm

2022年8月19日

ノート

Test of 20 day moving average underway.

2022年8月19日

ノート

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.

2022年8月22日

ノート

As I expected, this is confirmed now that we are below the 20 day average