So everyone could easily draw a breakdown chart for Dow Jones Industrial Index and S&P 500 Index, but does it indicate a big plunge would follow? or is it just a correct? Personally, there is still some hope for bullish continuation there.
We can see that 50SMA is moving towards 250SMA from underneath. Past experience tells us that whenever 50SMA penetrates through 250SMA from the lower level, the market would still continue its bullish trend. This may be a good signal to wait.
Good luck and don't panic.
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