Loosing the 21 Weekly average would be catastrophic globaly

Just point out the basic TA on S&P, I know the FED can always say they will print more money but consider that:

1) We never lost that channel since covid

2) Just like 2008 with the US, China have a huge Real State debt that they have to deal with.

3)US is at the highest debt in history by far, even if they don´t stop the printing and low interest rates big players could leave the market anyways.

If they do though, we are definitely F***CKED.

My advise: Stay out of all markets, open some small shorts (less than 5%) and watch from the outside.