Índice S&P 500

Will S&P 500 find support on 200 week SMA?

Pretty simple chart. The S&P has used the 200 week SMA as support for a long time. However, back in 2008, you can see almost the exact same pattern in both price and the RSI. The market went mostly sideways following the 200 week SMA for about 5 months before it eventually crashed.

snapshot

1D time frame

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