S&P rally looks to be over for now based on 20 day MA

6 Ara 2022

If you look back over this long correction since the beginning of the year, every time the price closed with a red candle below the lower bound of the 20 day moving average the price continued to move lower. I don't see why this time is any different.

I would expect support at the $380 and maybe down to the $375 level. That would bring the S&P right around the mid line of the channel. After that, don't know.

9 Ara 2022

Not

Price failed to recapture 20 day and is high likely going to continue its downward trend next week.