S&P 500 will test support around the 200-day average

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Daily chart of the S&P 500 showing the near-term downtrend and the support zone near the 200-day simple moving average.

Daily chart of the S&P 500 showing the near-term downtrend and the support zone.

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Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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