SPX Closes Below 20DMA Amid Rising Volatility
$S&P 500(.SPX)$ : The price closed again below the 20DMA, the intra-day volatility visited (again) key support levels.
Another day below the 20DMA and test of key support could bring bearish resolution since the $Cboe Volatility Index(VIX)$ is above 20.
On the bullish side there is fear in the market already and the Stochastic is curling up.
Conclusion: As long as the volatility index continues this high, more choppiness with potential bearish resolution is likely.
Chart displays SPX daily candlestick price action with red and green bars rising over time from June to September, overlaid with moving averages in blue and orange lines. Bottom panel shows Stochastic oscillator with %K and %D lines curling upward in oversold territory. Right side features a gauge labeled Fear Neutral Greed with needle at Neutral and value 30.
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
