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sp500 EMA 20 Years closed down

S&P 500 Index (SP:SPX)  
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SP:SPX   S&P 500 Index
Moving Averages Volume Weighted Average Price (VWAP) Exponential Moving Average (EMA) SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)
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movingaverage vwap ema spy spx500
The graph shows the areas that SP500 close down the EMA20 year. Each area has its own effect that lead to crash the mark. However, the average time for the market to repair its self is 180 days expect the bubbles in 2000 and 2008.
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