SPX Just Capped First 5-Day Decline in Six Months

SP:SPX   S&P 500 Index
125 1 4
Heading into the FOMC, the market doesn't want to take the next step and turn a recent selloff into a committed risk aversion shift. The S&P 500             has called the end to a 5-day drop - the first since January 15. With this capitulation, we still haven't seen a six-day drop in two years.
I am not sure I would call the recent 5 day consecutive drop a capitulation. Perhaps by some measures it is. The 1987 crash was marked by a consecutive 5 day decline, then one powerful maribuzu bar that broke the selling. The next 4 bars were full selling 20/20 maribuzu bars. I would say tomorrows price action is extremely important. If the rally today and the previous days (7/27) selloff is fully engulfed it does not bode well for the remaining 3 days of this week.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out