SPX fell 76 points; US-China trade war TIT for TAT intensifies

S&P 500 fell 76 points closing Friday session at 28471.10, down 2.59%. The Index continued its downtrend following the same path as the previous two sessions and failed to hold above a critical support price point at 2850.30. The Index currently seats at a very critical level and needs to change its direction and hold above the current support at 2850.30 to avoid falling further down to 2810.50.