S&P500 hit its 4H MA200 after 2 months. Strong correction ahead?US 500 IndexPEPPERSTONE:US500TradingShotThe S&P500 index (SPX) broke two major medium-term Support levels within the same trading day, the 4H MA100 (green trend-line) and the 4H MA200 (orange trend-line). This is the first time to touch both in 2 months (since April 07). At the same time, it tested earlier its 4H MA50 (blue trend-line) as Resistance and got rejected. This hints towards the possibility of an even stronger correction, but the Support 1 level (7340) has to break in order to confirm that. And with the 4H RSI oversold (