S&P Poised to Bounce at 2855 Support; See Choppy Action

It’s been a rough week and I think the market is deeply oversold on a wide range of technical metrics, two in particular. Both traders and investors should be aware of these two, following this week’s historic decline in equities. (For more see page 1.)

First, short-term technical indicators are at extreme levels, which have historically supported a rebound. However, while my expectation is for a trading rebound to develop from here, there is no meaningful evidence to state a bottom is d...

Finish reading this report for free

Enter your email and we'll send the paywall-free report directly to your inbox

Articles Read: 1/2

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.

Get unlimited access to Tom Lee's Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Events

Trending tickers in our research