SPX -> Target: 20-day moving average
$S&P 500(.SPX)$ -> Target: 20-day moving average (blue line).
The recent lower Bollinger Band breach, acted last week' as a bearish signal, now suggests a bounce with continuation considering the candle.
A move to the 20DMA is highly probable. ➡️The key question is whether this bounce will be short-lived (like scenarios 1 or 2) or sustained (like scenario 3). I'm leaning towards a short-lived bounce.
Most likely short lived bounce. the $Cboe Volatility Index(VIX)$ is not done.
Was the gap-fill the sole mission of this pullback?
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