Daily charts for S&P 500
Daily charts for NASDAQ
Dow and S&P failed to break above the 200 day moving average over the weekend and has formed a bearish candlestick pattern (last 3 daily candles) together with NASDAQ on daily charts. Both Dow and S&P are at MOBO lower band support at market close last night. Should it continue to trend down and close down today, we might be in for a few more days of tanking down to 1,000 on S&P 500.
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