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

١٧ أغسطس ٢٠٢٢

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
  

١٨ أغسطس ٢٠٢٢

ملاحظة

Thursday 1:45pm

١٩ أغسطس ٢٠٢٢

ملاحظة

Test of 20 day moving average underway.

١٩ أغسطس ٢٠٢٢

ملاحظة

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.

٢٢ أغسطس ٢٠٢٢

ملاحظة

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