Bearish engulfing SPY /weekly

The SPX is testing its 200sma on a daily chart, on a weekly chart, we are seeing a bearish engulfing candle (2 hours to go for close).

Next short-term support is $2950.

VIX back above 40
Bearish EngulfingChart PatternsretestS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) spydersspyshortTrend AnalysisVIX CBOE Volatility IndexVolatilityweeklymarketsanalysis

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