S&P 500 IndexLong
Major Indexes Face Downturn: What's Coming Next?
◉ S&P 500 SPX
● The long-term trendline support has been breached.
● The immediate support range is identified around the 5,650 to 5,700 levels.
◉ Nasdaq Composite
IXIC
● The Nasdaq Composite has rebounded from its long-term trendline support, demonstrating resilience amid economic uncertainty.
◉ NYSE Composite
NYA
● The NYSE Composite has found support at its trendline and may bounce back from this important level.
◉ Dow Jones Industrial Average
DJI
● After a consecutive decline over ten days, the index has surpassed its trendline support and is approaching the next support zone between 41,500 and 42,800.
Overall, all indices are anticipated to recover shortly, with expectations of robust performance from major stocks.
SPX ● The long-term trendline support has been breached.
● The immediate support range is identified around the 5,650 to 5,700 levels.
◉ Nasdaq Composite
IXIC ● The Nasdaq Composite has rebounded from its long-term trendline support, demonstrating resilience amid economic uncertainty.
◉ NYSE Composite
NYA ● The NYSE Composite has found support at its trendline and may bounce back from this important level.
◉ Dow Jones Industrial Average
DJI ● After a consecutive decline over ten days, the index has surpassed its trendline support and is approaching the next support zone between 41,500 and 42,800.
Overall, all indices are anticipated to recover shortly, with expectations of robust performance from major stocks.
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