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Support Levels to Watch in the S&P 500 as the Sell-Off Resumes

John Parker
Support Levels to Watch in the S&P 500 as the Sell-Off Resumes

Today, the broader-market sell-off continues, seeming to intensify. In October, the S&P 500 Index (SPY) tanked 6.9% in a sell-off triggered by investor concerns over rising interest rates, slowing global economic growth, and the US–China trade war. However, the market recovered somewhat in November after Fed Chairman Jerome Powell’s dovish comments in a speech. US equities rallied sharply after news of a US–China trade truce earlier this month. ...