Mark Newton, head of technical analysis at Fundstrat, said investors shouldn't get too tempted by a potential bounce in the coming days as the S&P 500 could fall under 3,700 before a more meaningful rally kicks in.
"September's Triple Witching Friday close at multi-week lows is particularly negative for the prospects of a rally, and further selling still looks likely over the next couple weeks to undercut 3,700 before a relief rally can get underway in October," he said."While one cannot rule out a 1-2 day bounce attempt given this week's decline, I do not expect much strength until prices have reached support under 3,700 in October," he added.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: