A Stock Market Bottom Could Be Very Near

By: Rida Morwa, High Dividend Opportunities

The S&P 500 Index is officially in a "bear market". The index closed on Monday down 2.7%, reaching the 2,351 level, its lowest level since April 2017. The index is down more than 20% from its September intraday high of 2941 points. The widely accepted definition of a "bear market" is a drop of at least 20% from a recent peak.

But not all hope is lost. What is very interesting in this case is that the S&P 500 index is at a major support trendline that goes back to the year 2010. This is a level that bulls will defend with all their might, and could be very positive for the stock markets as we head into the New Year. Please have a look at the chart below depicting the chart of the S&P 500 index ETF (SPY):

Be alert to the latest news.:

https://jessicapressreleases.blogspot.com/2018/05/sago-mini-launches-worlds-first-pillow.html

To continue reading, please click on the link below:

A Market Bottom Could Be Very Near

.

[Previous News]   [Next News]  

© Copy Right 2018 Jessica Brown's Press Releases.

All information are taken from the news source. We do not promise anything nor take any responsibility for anything the news owner claim. We just share the news as is. You can contact news owner directly in the message for more information.