S&P 500 end of rally and time for a pullback???

2022年8月17日

Is this the end of that rally for the S&P? I see several strong indicators that this could be the end for now and a pullback is coming.

• Testing 200 day moving average
  
• Testing top of down channel
  
• RSI very oversold
  

2022年8月18日

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Thursday 1:45pm

2022年8月19日

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Test of 20 day moving average underway.

2022年8月19日

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End of Friday, and if you slide the 20 day to the right one bar this would be an exact test of support. If gap down Monday, then I would assume that price goes to at least the $405 level.

2022年8月22日

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As I expected, this is confirmed now that we are below the 20 day average