$SPX Due a pullback, multiple levels of support below.
Today is going to be a risk off day for sure but how long will it be before the dip buyers appear. Mr trumps tweets were not anticipated and caught many out whom had maybe over leveraged in last weeks trading session. In Fridays session stocks rallied into the close with no profit taking as per normal. Big tech will be the main source of selling today with Chip/Semi stocks hardest hit. We believe this will be short lived, as a pullback was overdue and may be healthy in the longer term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.