FYI: Below is a chart of the S&P 500 that includes where it’s set to open this morning with futures down 3%+. As you can see, the index is set to open at the same level where it has made two near-term lows, and for now it will still be above its 200-day moving average.
The price of oil is down sharply but has thus far managed to hold above support at its 50-day moving average.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/sp-500-and-oil-price-charts/
