S&P 500 TESTS KEY TECHNICAL SUPPORT

The S&P 500 has dipped below the critical 200-Day Moving Average (DMA) and is approaching significant technical support at 4180. Recent inflation data suggests the possibility of further Federal Reserve rate hikes. Additionally, the influence of major tech companies in the S&P 500 poses a substantial threat impacting the S&P 500 to potentially fall by as much as 10% to 3900 thereabouts.