As I said in the last SPX article, the S&P 500 experienced a notable decline of 10% within three months after the previous U.S. credit downgrade:
Now it seems like SPX, the S&P 500 index, started to follow the pattern.
According to the past retracement, this time the Price Target of SPX is $4080 by October.
Looking forward to read your opinion about it.
The Aave price analysis shows a bearish trend today
The resistance for AAVE/USD is present at $73.01
Support for AAVE/USD is found at $71.33
The Aave price analysis is directing that the cryptocurrency has undergone loss once again during the last 24 hours. That is because the bears are once again powering through after a small bullish interruption. The bears have...
Facebook gapped lower on a poor earnings report two weeks ago. It's staggered there since as the rest of the market rebounded, and now the technicals may be pointing lower.
The first big pattern is a potential bearish flag following the January 30 drop. The direction of movement was lower, so a continuation pattern like a bear flag could point toward another leg...
Home Depot was downgraded ... it's already down about 1.3% pre-market.
Looking at the 4 hour chart, HD has been in an ascending channel since December of last year. It recently bounced off channel resistance, and this downgrade might cause it to fall to channel support.
In addition to the channel, notice that the RSI is overbought. Combine all that with the...
