The current downtrend is likely to continue as SPX inches towards the 50 SMA in the daily charts.
Also, the gap at 4019 that was created by a jump on April 5th will likely be filled.
If the SPX goes down, it will probably find support at 4019 and will bounce back towards 4200.
However, SPX is quite far away from the 50 SMA in the weekly charts and hence, the...
