Key takeaways SPX 500 pullback: Index fell -1.9% over three sessions from its all-time high, testing key support at 6,580/6,560 near its 20-day moving average. Bullish setup intact: price remains within its short- and medium-term uptrend, with momentum indicators pointing to easing bearish pressure. Sector rotation support: Consumer Discretionary’s outperformance over Consumer Staples signals potential […]
The post SPX 500: Three-Day Sell-Off Reached 20-Day Moving Average, Tipping Point for Bullish Reversal appeared first on Action Forex.
