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SPX Faces Critical Support Level Amid A.I., Crypto Deleveraging
Manage episode 520081348 series 3645668
Kevin Green points to the SPX slip under 6,600 as notable, though it's 6,550 he's watching as the crucial level for the index. With a market that's "not selling everything," KG expects the 200-day SMA to act as strong support for stocks, though a break below can signal steeper selling. He talks about how investors deleveraging in A.I. and crypto play a critical role in price action. KG later turns to a bright spot as a "bullish cross" forms in the utilities sector.
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8871 episodes
Manage episode 520081348 series 3645668
Kevin Green points to the SPX slip under 6,600 as notable, though it's 6,550 he's watching as the crucial level for the index. With a market that's "not selling everything," KG expects the 200-day SMA to act as strong support for stocks, though a break below can signal steeper selling. He talks about how investors deleveraging in A.I. and crypto play a critical role in price action. KG later turns to a bright spot as a "bullish cross" forms in the utilities sector.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about
8871 episodes
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