The S&P500 (ESZ22) is consolidating yesterday’s 1.5% plus slide, showing fatigue in the Dead Cat Bounce off the October low as ES slides back below the psychologically key 4k whole figure level and...
The S&P500 (ESZ22) spent the past week consolidating mostly between the 50% and 61.8% Fib retrace of the August to October slide. A daily close above the psychologically key 4k whole figure level and...
The S&P500 (ESZ22) is consolidating for a 3rd straight day after Thursday’s massive 5% plus bounce, hesitating as it bumps up against the 61.8% Fib retrace of the August to October slide and the psychologically...
The S&P500 (ESZ22) is consolidating a 2 day bounce, and appears to be gearing up this week for a retest of the October high and the 50% Fib retrace of the August to October slide. Any reclaiming of...
The S&P500 (ESZ22) is consolidating after closing October at its high, catching its breath as it tests the 50% Fib retrace of the August to October slide. Regardless of any deeper pullback this week...
The S&P500 (ESZ22) is consolidating after the bounce in the past week, pausing as it bumps against the October high. Odds are suddenly high for a Dead Cat Bounce to continue for much of November, and...
Inverse/leverage S&P 500 ETF SPXS and technology ETF RYT traded with an outsized volume.
The bearish trend is likely to continue if the past 150 years of stock market history is any guide.
The S&P 500 entered into a bear market last week. Steep Fed rate hike last week and chances of more such hikes in the coming months triggered heightened recessionary fears.
We have concerns like a worsening COVID situation in China, high inflation in the United States, slowdown fears both in the United States and Euro zone as well as looming rate hikes by the ECB.