Did March Expiration Accentuate the S&P 500 Selloff?

“...the SPX is situated just above the next area of potential support in the 6,555 to 6,610 area. The 6,555 level marks the low in October, after a one-day sharp selloff, and again in November after a three-week, 5% decline. The 6,610 level is the current site of the rising 200-day moving average, which was last breached around this time last year, around ‘Liberation Day’ tariff announcements….while short covering can eventually provide a floor, this is not necessarily an environment where shorts are lookin ...