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The S&P 500 ($SPY) has sliced through critical support of its 200-day moving average. What’s next for stocks? Is a new bear market lurking in the shadows?
We’ve got a crucial stock market update to share with you that could impact your financial future.
In our most recent market analysis video, we examine how the S&P 500 ($SPY) has just plunged below critical support of its 200-day moving average—a potentially game-changing development.
This is the first time it’s happened in over 7 months, and could be a warning signal that stocks are heading into bear territory. $SPY falling below its 200-day MA is a major red flag, and we’re here to guide you through what this could mean for your investments.
Will the stock market enter a new bear phase? What are the next pivotal support levels? Our powerful trend analysis of the S&P 500 sheds light on these crucial questions.
We also take a closer look at the Nasdaq 100 ($QQQ), which is holding up better than $SPY, but is it strong enough to withstand the pressure?
Plus, we reveal how small-cap stocks ($IWM) are affecting the broader market.
This video isn’t just about the doom and gloom; it’s about staying informed and being prepared for what’s next.
Whether you’re a seasoned trader or just getting started, this video is a must-watch. Press the link below to get up to speed now:
Remember, knowledge is power in the trading world, and we’re here to arm you with it. Don’t be left in the dark; check out the video now.
By the way, if you missed our previous video about how we locked in a +58% gain from 2 recent swing trades, you can catch it here. It’s a must-watch for anyone serious about learning a simple, proven swing trading strategy (since 2002).
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The post Urgent Stock Market Alert: S&P 500 Breaks Below 200-day Moving Average Support appeared first on Swing Trading Blog | Trading Strategy Articles | Trading Tips.
Urgent Stock Market Alert: S&P 500 Breaks Below 200-day Moving Average Support was first posted on October 31, 2023 at 6:37 am.
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