SPX continued downside toward the 20DM
$S&P 500(.SPX)$ : So far, the shooting star pattern is holding up as valid, with the bearish RSI divergence pointing to continued downside toward the 20DMA.
Meanwhile, the $Cboe Volatility Index(VIX)$ spiked sharply today, fueling expectations for more volatility ahead.
Daily candlestick chart of SPX with green and red bars showing price movements over time. Blue trendline slopes upward. Black arrows point to recent candlesticks. Green box labels 10MA with value 17.24 and S/R.
Yellow box labels 20MA with value 0.97 percent. Purple box labels 50MA with value 0.57 percent. Lower panel displays volume bars in green and red.
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