bullish

Decision Time for Bulls and Bears

333 Views27 Feb 2023 06:15
SUMMARY
  • As the S&P 500 tests a critical support level as defined by the falling trend line, it’s technical decision time for both bulls and bears.
  • A break of support opens the door to considerable downside risk to the 200 wma at about 3715.
  • On the other hand, a relief rally is likely to be capped at resistance of about 4180.
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