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
Not
Thursday 1:45pm
Not
Test of 20 day moving average underway.
Not
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.
Not
As I expected, this is confirmed now that we are below the 20 day average
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