SP500 update 29 August 2022 forecast

As predicted, the market met strong resistance and was rejected.
Sp500 closed under 50EMA on daily chart, the bearish momentum very likely will continue on Monday 29th Aug, there is plenty room to the downside.

If you look at the VIX daily chart, today we had very big candle closed above 200EMA.

This is not a trading advice, trading is risky.