Two possible S&P scenarios as Quarter-end comes to a close on a sour note

Key Takeaways

  • US Equity indices testing last week’s lows keep the near-term bearish trend intact to end the month and quarter.  A support violation looks likely, but should prove short-lived
  • Technology outperforming on Thursday’s break, while Discretionary, Materials, Financials, Industrials, Staples and REITS all down more than 1%
  • Breadth down just moderately; Volume not all that capitulatory on weakness but fear gauges continue to climb

...

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