$SPX traded below its 20 day MA today but closed above it. The next 70 day low is due on Friday so it probably hasn't bottomed yet, but the odds of trading sideways over the next 2-3 days without closing below the 20 DMA have increased. The 100 DMA is still a potential target.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$SPX traded below its 20 day MA today but closed above it. The next 70 day low is due on Friday so it probably hasn't bottomed yet, but the odds of trading sideways over the next 2-3 days without closing below the 20 DMA have increased. The 100 DMA is still a potential target.