SPX TRADING BELOW MA200

Futures opened with a gap down this trading week and SPX is trading below daily MA200 which should be a heads up. Still expecting somekind of a rebound that eventually most likely should fail. Need to look at closer at EOD today what to expect next.

MA200 is probably the most basic indicator that most people follow and thus there could be strange price action around this level.

SPX DAILY CHART

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