P_KK
Legacy Member
On the SP500 daily chart.
Price is very under the 200 SMA. Last feb it was only touching the 200 SMA.
If it continue like this for another few weeks, I will say bear market.
Next 2 supports prices are 2596 and 2533 (the low back in May and Feb) to confirm bear market.
Lets see how it goes...
It's not looking good guys!
Price now have touched the 2533 support price!
50 SMA is way below 150 SMA and 200 SMA.
SMAs start to slope down.
Brace for impact?