S&P 500 Breaks Down Support, Will Fed's Powell Address Bond Sell Off?
S&P 500 Breaks Down Support, Will Fed's Powell Address Bond Sell Off? 2021-02-23 12:00:00 Justin McQueen, Analyst All Eyes on Fed Chair Powell S&P 500 Short Term Weakness, Tech Stocks Weighed by Rising Rates US indices have extended on losses with the S&P 500 finally posting a convincing break below the area of support I had mentioned last week (3880-3900), while there was enough follow through to take the index below the 20DMA. Reminder, equity markets are also going through a seasonally weak period and thus much of this dow...
Source: dailyfx.com