The video in this report is only accessible to members
The video in this report is only accessible to members

Key Takeaways

  • Tuesday’s strong showing in rebounding off the lows after Monday evening’s “down” open is a reason to think this recent geopolitical tension might not be all that bearish
  • While Consumer Discretionary was hit hard in Tuesday’s session, Financials held up relatively well along with the Defensive groups
  • 5 Key technical reasons are discussed which suggest why this recent pullback should bottom

Equities look to be closing in on initial lows to this decline, and S&P Futures prices rallied well up off early lows at 4250 early Monday evening in the Futures market to close above 4310 by Tuesday’s close, which looked important.  While the near-term price structure, and momentum remains negatively sloped, there are numerous technical developments that are worth highlighting that speak to the possibility of lows being near for US equities just a time when many are seeking safety.  I’ll discuss my top five reasons on the pages ahead, but important to note that while many cite Russia/Ukraine tension as being a reason for near-term volatility, much of this recent downdraft was far more pronounced last month, along with late November.  The recent churning in the last couple weeks has been far more ord...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Want to receive Regular Market Updates to your Inbox?

I am your default error :)