The SPX gapped down huge in pre-market, opening 20+ points below the close, on a normal day, that gap would have been filled, but we are not in a normal environment and the market continued the selloff not even getting close to the 200 moving average, which is now resistance.
The SPX is at support at the lower long term rising trend line, and is in oversold territory, also closed below the 200 moving average for the first time since July 2009.
No comments:
Post a Comment