SPX: The anticipated pullback to the 20DMA may be underway
$S&P 500(.SPX)$ : The anticipated pullback to the 20DMA may be underway. However, the $6081 level (a key level highlighted in yesterday's market update via email) provided precise support.
A retest and potential break of this level could occur tomorrow. All eyes are on $6081: a break above it targets $6160, while a break below it targets $6035.
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At the same time， $VanEck Semiconductor ETF(SMH)$ , with a potential bearish crossover on the oscillator and price action breaking away from the volume shelf, monitoring the $255.7 level is prudent for tight risk management. If a wider range is desired…
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