Robert Pavlik, Senior Portfolio Manager at Dakota Wealth in Fairfield, Connecticut, also joined my prediction, saying he is looking at aof 3,000 for the S&P as a support level. However, I wouldn't be surprised if the S&P 500 Index and the other averages keep falling lower. While inflation is not controlled and the Fed does not stop raising rates, and yields do not ease, I foresee equities continuing to fall.
The S&P 500 Index's flag implies a drop to 3,443.36, based on the flag pole, and based on the preceding sell-off, that could even happen as quickly as in the next three days.Looking to get up to speed on your next idea? With InvestingPro+ you can findFinancial health scores for profitability, growth, and moreFundamental and performance charts
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Yes, it will gyrate.
$DIA Latest close: 287.3 50 Days Moving Avg: 319.42 (yellow line) 200 Days Moving Avg: 332.2 (pink line) MACD: -8.42 Signal Line: -6.79 Histogram: -1.63 This is how it looks for one of the least volatile ETFs of the stock markets. ETFs investment
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