S&P500 approaches key support region of 4100 (08Mar2022)

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S&P500 - a death cross looks to be forming. Let us monitor with 4000-4100 a key support range. 

S&P500 continues its downtrend


While energy companies Chevron $CVX and gold continue to surge, the rise in fuel costs will send inflationary pressures to the rest of the sectors.  Let us monitor the situation.  This is a war driven inflationary pressure that can ease when the Ukraine conflict has concluded.   If we believe in the fundamentals of the businesses, we should not be overly concerned after we have done our due diligence. 

(A death cross happens when the 50 days moving average line cuts the 200 days moving average line from above - a typically bearish signal based on a 1 Day chart.)  

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