First close under the 20 sma in a while. What’s next for this market?

Today’s premarket forecast and weekly preview for the Emini S & P 500 futures. First close under the 20 sma in a while. What’s next for this market?

mdcadmin

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• The rally is facing a key resistance area today. Will it hold?
• Market trying to recover from new yearly low. Will the rally survive?
• The market going from bad to worse as the weight of inflation crushes any rallies.
• Inflation and disappointing job numbers add to the selling pressure.