An 8.5% change in the S&P in one day

Wow, that is some serious price action. Bottomed out at -3.9% around 11:30 and then rallied +4.6% by the end of the day to close positive for the day..

On the chart you can see the 20, 50, 100, and 200 day SMA. I also added the key price levels to watch. You can see the bounce off the lower and the morning open to be at the middle one. Would not be surprised if we see a rally to the upper level in the next week or so.
Chart PatternsDIADJIIVVNASDAQ 100 CFDQQQSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis

Related publications

Disclaimer