Is Friday’s sell-off the beginning of a downtrend?
The post Is Friday’s sell-off the beginning of a downtrend? appeared on BitcoinEthereumNews.com. The S&P 500 has sharply corrected its recent advances – is it poised for more downside? Volatility breakout system update My Volatility Breakout System reversed to a short position on Thursday, as the S&P 500 hit the sell trigger at 6,328.27. The strategy gained 363.94 points on its long position since June 3. That’s yet another successful trade facilitated by my Volatility Breakout System. Additionally, the short position from Thursday is showing a 90-point gain. This systematic approach continues to identify key market turning points and has been particularly effective during this year’s volatile conditions, outperforming S&P 500! The system’s strength lies in its ability to capture major market moves while avoiding the noise of day-to-day fluctuations. For those following this approach, the current position demonstrates how patience and systematic execution can lead to meaningful gains. S&P 500 sells off sharply Stocks sold off on Friday, with the S&P 500 index closing 1.60% lower, retracing weeks of recent gains and dipping to a local low of 6,212.69. On Thursday, the index pulled back from a new record high of 6,427.02, so in just two days it fell 214.3 points, or 3.33%. Today, the market is set to open about 0.5% higher, rebounding after this two-day decline. Recently, the investor sentiment has improved slightly, as reflected last Wednesday’s AAII Investor Sentiment Survey, which reported that 40.3% of individual investors are bullish, while 33.0% are bearish. The S&P 500 closed Friday at its lowest level since early July, as shown on the daily chart. Weekly chart: S&P 500 Pulls back Last week, the S&P 500 lost 2.36% after gaining 1.5% in the prior week. For now, this appears to be a consolidation following the advance from April lows; however, a deeper correction remains possible. Nasdaq 100 drops below 23,000 The Nasdaq 100…
The post Is Friday’s sell-off the beginning of a downtrend? appeared on BitcoinEthereumNews.com.
The S&P 500 has sharply corrected its recent advances – is it poised for more downside? Volatility breakout system update My Volatility Breakout System reversed to a short position on Thursday, as the S&P 500 hit the sell trigger at 6,328.27. The strategy gained 363.94 points on its long position since June 3. That’s yet another successful trade facilitated by my Volatility Breakout System. Additionally, the short position from Thursday is showing a 90-point gain. This systematic approach continues to identify key market turning points and has been particularly effective during this year’s volatile conditions, outperforming S&P 500! The system’s strength lies in its ability to capture major market moves while avoiding the noise of day-to-day fluctuations. For those following this approach, the current position demonstrates how patience and systematic execution can lead to meaningful gains. S&P 500 sells off sharply Stocks sold off on Friday, with the S&P 500 index closing 1.60% lower, retracing weeks of recent gains and dipping to a local low of 6,212.69. On Thursday, the index pulled back from a new record high of 6,427.02, so in just two days it fell 214.3 points, or 3.33%. Today, the market is set to open about 0.5% higher, rebounding after this two-day decline. Recently, the investor sentiment has improved slightly, as reflected last Wednesday’s AAII Investor Sentiment Survey, which reported that 40.3% of individual investors are bullish, while 33.0% are bearish. The S&P 500 closed Friday at its lowest level since early July, as shown on the daily chart. Weekly chart: S&P 500 Pulls back Last week, the S&P 500 lost 2.36% after gaining 1.5% in the prior week. For now, this appears to be a consolidation following the advance from April lows; however, a deeper correction remains possible. Nasdaq 100 drops below 23,000 The Nasdaq 100…
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