Stocks are under pressure as investors react to a drop in the ISM Manufacturing Index.
Several broad measures of the stock market are nearing price support areas so the coming days will be important in providing a gauge for market direction. A couple to watch are the S&P 500 Index and Nasdaq 100 Index.
In today’s video, we break down those indicators and provide insights into levels we are watching. Here’s a recap:
– Major stock market indexes are push into price support zones.
– Investor sentiment continues to grow more fearful.
– QQQ Nasdaq 100 ETF is near a key inflection point.
Stock Market Today Video – October 2, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
