The green line and white arrows mark support from the June and July low candles. Interestingly, if we look at closing prices instead on this line chart, we see 
SPX broke the yellow support line and is now retesting it today.
What remains to be seen is whetherSPX:
1 - reverses at yellow line for a big move lower
2 - pushes upward to the 20sma and then either holds yellow line as support or breaks lower again and keeps going down
SPX broke the yellow support line and is now retesting it today. What remains to be seen is whether
SPX:1 - reverses at yellow line for a big move lower
2 - pushes upward to the 20sma and then either holds yellow line as support or breaks lower again and keeps going down
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.