Today’s Market Outlook:
The S&P 500® closed more than 56 points lower for its second consecutive 1%-or-more loss with strong volume and trading range. The intermediate continued lower inside bearish territory and is close to crossing into the lower-reversal zone. Long-term Market Sentiment continues to slowly rise but remains a the upper end of neutral levels. Both the momentum and near-term lines are sitting at extreme lows. As usual, all the major indexes are showing similar patterns on their respective Market Forecast studies.
Please LIKE tonight’s Market Outlook video on Twitter and Facebook below:
03/10/23 - Here's the intro of today's #MarketOutlook video from @MarketScholars— David Settle, CMT (@davidsettle42) March 11, 2023
Watch the full video for free here: https://t.co/WHtZTYmZUQ
Discussed: $SPY $IWM $VIX $DIA $QQQ $EEM $EFA $GLD $TLT $USO $UUP $BTC $XLU $XLK $XLC $XLY $XLE $CAT $ABBV $SCHW $ROKU $SIVB $CVX 🐻📉 pic.twitter.com/fr62L2y4BB
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