by Adam Taggart
Well, it proved a nail-biter to the very end; but the S&P did indeed close BELOW its 200 DMA.
Though, in the last few minutes of trading, it looked like the rescue attempts would succeed. But they just couldn’t quite muster enough oomph to get things back to the critical purple line:
What will tomorrow bring?
No one knows for certain. But a lot of technical analysts warn that with the 200 DMA now breached, much of the unfilled gaps that the S&P made on the way up over the past two months are going to start to get filled.