Stocks are under pressure again on Thursday morning as fear levels underscore signs of capitulation.
The S&P 500 (NYSEARCA: SPY) and other major stock market indices are at/near oversold levels and should find support for a bounce soon. Below are some highlights from today’s stock market outlook video:
– Stocks are breaking lower following the Federal Reserve’s decision and statement.
– The decline on the S&P 500 stopped at the 38.2% Fibonacci retracement of the 2016 – 2018 advance.
– The 10-Year treasury yield falls under 2.8%.
– Market beadth metrics are breaking down.
Stock Market Today Video – December 20, 2018
Twitter: @DanRusso_CMT
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