US Equity Markets Just Broke Key Technical Support
After another energetic session of buying in Asia, US futures began fading as Europe opened and accelerated lower as US opened…
Critically, this push lower has sent all the major US equity indices below key technical supports:
S&P broke below its 100DMA
Nasdaq broke below its 100DMA
Dow broke below its 100DM
Russell 2000 broke below its 200DMA
Will these levels be support?
It’s different this time.