Sp500 has bottomed out? - #stocks #sp500
The Sp500 took another tumble in the futures market as the overnight opening saw further selloff. However, its important to note that it was low liquidity and that when real volume comes through, that scenario could change quickly. As of now, there is support at 4190, or the lowest point traded since mid March. A break of this this level would be very significant as it would market another new low for the year in the stock market. However, if we are able to fight off the recent trend in the market the next significant level to the upside would be found at 4360 and 4440 to the upside.
Disclaimer
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.