Charlotte's Web Holdings Inc (CWBHF)

[CornellEngineer]

S&P 500 tumbles below key technical level set in February as stock-market slide accelerates

https://www.marketwatch.com/story/sp-500-tumbles-below-key-technical-level-set-in-february-as-stock-market-slide-accelerates-2018-12-17

I don't tend to track the S&P 500 too much...I focus more on the DJIA. And the Dow is now barely above the lowest lows set in early February and again in early April.

The S&P 500 index late Monday traded below its lows hit back in early February as a broad-based sell-off in the equity market gathered steam ahead of a key Federal Reserve meeting. The S&P 500 SPX, -2.08% was down 2.539.06, down 2.4%. If the broad-benchmark held current levels it would fall below its nadir in 2018 set on Feb. 8 when it closed at 2,581. All 11 sectors of the index were trading lower, led by declines of at least 3% in real estate and utilities. Market technicians view a decline below a recent low as a bearish sign for a market but it could also signal that the index is close to putting in a bottom.

Either a bottom here or we break through to the low side and hang on for dear life. I know which way I'm betting on. Hopefully the bulls will hold off the bears long enough for one more up and down cycle so that we can push our chips in at the appropriate time. Sure hope Schwab doesn't dawdle on approving that options trading application.