S&P 500 Holds and Retreats from 200-Day SMA

CME_MINI:ES1!   S&P 500 E-mini Futures
200 1
Looks like Monday's swell in risk trends - in equities across the world and also across asset types - was limited in conviction. The appetite for the run stalled at the same technical impediment for the break last week: the 200-day SMA . If this extends the retreat, it will look like a good cue for risk aversion across multiple assets.
Weight of evidence is clear now. 200SMA Also rejecting higher prices after we sliced through. A classical case of SUPPORT turned RESISTANCE.
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