sp500 EMA 20 Years closed down

The graph shows the areas that SP500 close down the EMA20 year. Each area has its own effect that lead to crash the mark. However, the average time for the market to repair its self is 180 days expect the bubbles in 2000 and 2008.
Exponential Moving Average (EMA)Moving AveragesS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Volume Weighted Average Price (VWAP)

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