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89 days

Opinion: The stock market is seeing more ‘90% days.’ Here’s what that means for your money. - MarketWatch

1. S&P 500 experienced a '90% down day', indicating market volatility. 2. Four '90% days' in the past month signal bearish trends. 3. SPX holding above 5,800 is seen as support but critical levels loom. 4. Cumulative volume breadth at an all-time high is a bullish indicator. 5. Emerging sell signals require confirmation to assess market direction.

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FAQ

Why Bearish?

The frequent occurrence of '90% down days' suggests weakening market confidence. Historically, heightened volatility often precedes significant downturns, as seen in previous financial crises.

How important is it?

The article highlights key market indicators impacting S&P 500, such as volatility and breadth. The current market conditions suggest a high likelihood of corrective movements.

Why Short Term?

Current market signals indicate potential decline, with immediate sell signals emerging. Increased volatility and weakening breadth suggest corrections may occur sooner rather than later.

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