Rotuma

S&P 500 Index: Sell-off intensifies, down more than 2%

SP:SPX   S&P 500 Index
The Index took another hit in today's session with a price gap in the opening of trades falling below critical support at 3109.00 and has now entered the second stage of the sell-off at 3109.00 and 2930.00 price zone.

The Index currently trades at 3035.00 after an attempt to close the price gap failed and slipped through 3076.00. We might see an effort to hold above 3042.20; however, if it fails, the next two support is estimated at 2992.00 and 2930.56

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