$SPX - 20DMA or Lower Bollinger Band?

SmartReversals
11-16

$.SPX(.SPX)$ - 20DMA or Lower Bollinger Band?

As anticipated last week, once the higher Bollinger band is breached, there is an inverse reaction; it started in slow-motion, and then it accelerated as it happens with overextensions.

All eyes on the 20DMA, if breached, the lower Bollinger band is the next destination. (The 50DMA has been only decorative during the last months)

The oscillator suggests the move has not finished, and the daily candle is bearish.

Many charts during the weekend with enthusiasm considering the weekly candle, the comparison with others was technically incorrect.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $Cboe Volatility Index(VIX)$

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