The S&P 500 Index sold off immediately following the Federal Reserve’s decision to lower the key interest rate for banks.
However, that proved to be short-lived as stocks rallied to close well off the lows.
In today’s video we discuss what current stock market indicators are saying, key technical price levels for the major indexes, and themes we are watching. Here’s a recap:
– Stocks are trading mixed following the Federal Reserve’s policy decision.
– Market breadth metrics for the S&P 500 remain constructive.
– Small caps are fading from resistance.
Stock Market Today Video – September 19, 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.
