Short term support around the 0.786 Fibonacci level.
Thin grey line indicates the percentage of S&P 500 STOCKS ABOVE 50-DAY AVERAGE, which has dropped to around 55%. Steeper drop than the index. S&P 500 STOCKS ABOVE 200-DAY AVERAGE also declined to under 80%, from around 90% in Jan.
Thin grey line indicates the percentage of S&P 500 STOCKS ABOVE 50-DAY AVERAGE, which has dropped to around 55%. Steeper drop than the index. S&P 500 STOCKS ABOVE 200-DAY AVERAGE also declined to under 80%, from around 90% in Jan.
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