SPX (S&P500) as of October 28, 2020: SPX decreased by 119.65 (3.53%) points. The index gapped down today and forming a double top pattern ("M"). The neckline of the double top pattern is at 3209.45, breaking of which will penetrate the WMA-200. If it happens, the long-term uptrend will reverse and may lead to more downfall.
However, if it goes below the dynamic support of WMA200, the next support zones are around 3100 and 2975.
However, if it goes below the dynamic support of WMA200, the next support zones are around 3100 and 2975.