S&P 500 – Eyes confluence of 200-DMA & Monthly pivot support

Wednesday’s bearish daily close below 2103 (23.6% of Feb low – Aug high) coupled with the bearish daily RSI at 35 suggests there is still room for a slide to 2082 (200-DMA + monthly pivot support).

On the higher side, only a daily close back above 2120 would signal bearish invalidation.