S&P500 update

A continued plunge in tech stocks created massive selling panic. Still looks like profit-taking and market is waiting for a buy back opportunity.
At the moment, we see a retest of the 200SMA and a broken pre-COVID high zone. A reverse pattern on smaller time frames could indicate another push lower.
Fundamentals remain unstable as geopolitical relations continue to deteriorate. US and China are at it again. So far, Trump is not backing down from his comments to cut more economic ties.

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