SPX Daily Chart Tight Bands Resolve to Downside

The tight standard deviation bands in pink finally squeeze out a move (brown circle), and the move is down. The SPX gaps lower at the opening bell today printing a LOD at 1659.24 thus far so watch this number closely.  Note the 50-day MA at 1656.81 which should be tested since price is now in the neighborhood. The 20-day MA at 1691.98 and remains important moving forward as well. The red lines for the indicators show weak and bleak profiles, except for money flow, that will want to see lower lows for price after any bounce would occur. The RSI lost the 50% level. The Dow has lost its 50-day MA at 15282 now printing 15150.  Watch the 50-day MA's. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.