Standard&Poor500

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Crushing impact of Negative Divergence on MACD on weekly chart. Price of S&P500 has come down to the crucial level of 200 Week SMA for support. Twice previously 200 Week SMA helped this Index to rise up. Will the same happen now? If this level does not provide support, logical next level is around 2085-- 1.618 retracement. Either way, this will influence all the major indices of the world accordingly.