S&P 500 breaks major support level of 5,235.48

Login

This topic has 2 replies, 1 voice, and was last updated 1 month ago by Christian Harris.

Creator

Topic
August 5, 2024 at 15:28 #187147 Reply
Christian Harris
Participant
- The S&P 500 has broken a major support level of 5,235.48
- The next major support (buy) level is 4,967.23
Reply
Creator

Topic

Viewing 0 reply threads

Author

Replies
- August 6, 2024 at 09:30 #187235 Reply
  Major Trader 35
  What mental day for US and global markets. Both the S&P and Nasdaq down over 3% following recession fears.
  
  Reuters also flagged that it’s the biggest three day percentage decline for the three key US indices since June 2022 and the lowest point for the S&P and Nasdaq since early May.
  
  Apple, Microsoft and Nvidia are sliding in the technology space as well as others. The VIX also posted its highest close since 2020 demonstrating the level of uncertainty in the markets.
  Reply
  - August 6, 2024 at 12:12 #187292 Reply
    Christian Harris
    Participant
    Absolutely. The markets are overextended and due for a healthy correction.
    Reply
Author

Replies

Viewing 0 reply threads