S&P 500 is breaking down to a fresh new low. Find out what is causing this Forex Stocks markets trading
Enter your emailThe S&P 500 is going to have to deal with geopolitical concerns, and of course the fact that the global economy is starting to drift lower as far as momentum is concerned as well. has fallen a bit during the trading session on Friday as we continue to see a lot of “risk off” type of situation.
Ultimately, this is a market that has now broken below the 3600 level slightly at the end of the session, so it’s only a matter of time before we go lower. The E-mini contract of course is going to lead the index higher or lower, but right now it certainly looks as if it is going to drop lower.The S&P 500 is going to have to deal with geopolitical concerns, and of course the fact that the global economy is starting to drift lower as far as momentum is concerned as well. I have no interest in buying this market, and I do think that it is only a matter of time before we see sellers jump into this market on rallies.
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