@crookscpa not really

My analysis is for long term trend

below SPX chart since 1993

200d SMA is a great approximation of a trendline

above 200d SMA, $SPX uptrend
below 200d SMA $SPX downtrend

200d-SMA becomes a self-fulling strong support on uptrend

a strong resistance on down-trend https://t.co/e0bgYJiag6