« S&P-500 Threatening Bearish Break of 20dMA »

Good Monday Morning! This morning we initiate the daily chart of the S&P-500 as the 'Chart In Focus.' The index is challenging its 20dMA, which sits at exactly 1070.

S&P-500 daily chart with bollinger bands and 20 day moving average

A break of the 20dMA would of course present the bears with an opportunity to take control of the minor trend. Fingers crossed, it will lead to a filling of the three of four gaps that have been left on the chart over the previous weeks.