Watch the 50MA monthly on SP500... if it breaks down then 200MA?

Price of SP500 hasn't been under 50MA (blue) on monthly since 2011. Last time it dropped below it was in the 08 crash, and continued to drop to the 200MA (red). So keep an eye on the 50MA on monthly currently around 2600 or so. If it goes below there there's a good chance it continues to drop to 200MA which could be around the 1700-1500 level.

Not Financial Advice