SPX - A visit to the 20 DMA is imminent
$S&P 500(.SPX)$ : A visit to the 20 DMA is imminent; the question is, how fast will it get there?
When the rally started, rejections from the upper Bollinger Band were slow. However, recently they have become rapid and intense. A brewing bearish Stochastic crossover further supports the pullback thesis.
Technicals suggest the visit to the 20 DMA, currently at $6,488, will be fast.
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