The S&P 500 is down 11%
over the past three weeks. Investors are very concerned. For some perspective on
the latest stock market action, today’s chart presents the current trend of the
S&P 500. As today’s chart illustrates, the current decline in the S&P
500 has been sharp and just resulted in a break below support (green line) of a
four year uptrend.
Category: Technical Analysis