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Dr_Roboto

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

iShares Core S&P 500 ETF (AMEX:IVV)  
Dr_Roboto Updated   
AMEX:IVV   iShares Core S&P 500 ETF
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) IVV SPX (S&P 500 Index) QQQ DJI S&P 500 (SPX500)
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trendanalysis chartpattern indicator spy ivv spx qqq dji spx500
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

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Comment:
Thursday 1:45pm
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Comment:
Test of 20 day moving average underway.
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Comment:
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.
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Comment:
As I expected, this is confirmed now that we are below the 20 day average
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