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Will the S&P 500 break below its 200-day moving average next week?

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ticker lesson

Breakdown

0:00SPX· ticker

S&P 500 — down 2.7% since last week

  • S&P 500 down 2.7% since last week
  • Bull flag played out perfectly until Thursday
  • Price dropped below key level in 30 minutes
  • 200-day MA near current price
  • Bias lower for next week
2:00QQQ· ticker

QQQ — lost 200-day MA, tech sector impact

  • QQQ lost 200-day MA
  • Tech companies in S&P 500
  • Tech makes up big market cap
  • Bias lower for S&P 500
  • Guessing election impact on data centers
2:01DXY· ticker

DXY — up 0.3% for the week

  • DXY up 0.3% for the week
  • Dollar had a nice bounce
  • Bull flag pattern visible
  • Monday critical for breakout
  • Bias to the upside
2:0210Y· ticker

10-year yield — down 1%

  • 10-year yield down 1%
  • 20-year yield down 1%
  • 30-year yield down 1%
  • All yields had good bull flag
  • Bias lower for all next week

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