When will the market stop falling?

The overall S&P500 has been lower 5 days out of the last 6. Today it found support at $2800. If it breaks this level tomorrow, we should look for it to drop down to the 200-Day MA around $2775. If it does bounce higher, look for the next upside target at $2859....

Midday Reversal Surprise

SPX was anticipating the US increase in tariffs on Chinese goods and expected the resulting Chinese threat to tariff retaliation. It seems that the initial downside AM move was undone by early noon, and have recovered all and more of the losses today. Recent Related...