SPY got pummeled for a loss of -2.6%. All other major indices dropped more than 2%, including the mighty Nasdaq.
But still hanging in above support zone.
The Squeeze momentum indicator delivered the promised downturn.
But one day does not make a trend. Need follow through day.
Coming up are quarterly window dressing and bullish Jul 4th events.
Markets appeared spooked with several states reporting record corona cases, taken as dampening the pace of economic recovery.
Talk of increasing tariff on EU, AAPL closing more stores were pointers to lighten exposure in an overextended market.
SPY SR levels
R3 318.92 R2 313.98 R1 309.03
DP 305.57
S1 300.62 S2 297.16 S3 292.21
Range: Normal Extended
Hi 308.29 311.51
Low 299.88 296.67
But still hanging in above support zone.
The Squeeze momentum indicator delivered the promised downturn.
But one day does not make a trend. Need follow through day.
Coming up are quarterly window dressing and bullish Jul 4th events.
Markets appeared spooked with several states reporting record corona cases, taken as dampening the pace of economic recovery.
Talk of increasing tariff on EU, AAPL closing more stores were pointers to lighten exposure in an overextended market.
SPY SR levels
R3 318.92 R2 313.98 R1 309.03
DP 305.57
S1 300.62 S2 297.16 S3 292.21
Range: Normal Extended
Hi 308.29 311.51
Low 299.88 296.67