The S&P and NASDAQ indices are beneath strain, with unstable two-way value motion dominating the session. Sellers have regained management intraday, pushing each indices decrease and forcing merchants to reassess key technical ranges.
Within the video above, I break down what the transfer to the draw back means from a technical perspective, highlighting the help zones that at the moment are in play. I additionally define what the patrons would wish to do to stabilize the market and shift momentum again to the upside — and, conversely, what a continued breakdown would goal subsequent if sellers stay in management.
