Awesome Stocks

[gfp927z]

Well, so much for a bounce. Looks like a test of the 20% bear market area (3840) should be next for the S+P 500. The Nasdaq is now down almost 30%, which is what it was down at the bottom of the Mar 2020 Covid crash. The Russell 2000 is also down approx 30%.

Current summary -


S+P 500 (SPX) --------- down 18% ---- (RSI - 32)
Dow 30 (DJIA) ---------- down 14% ---- (RSI - 34)
Nasdaq (COMPX) ----- down 30% ---- (RSI - 31)
Russell 2000 (IWM) --- down 30% ---- (RSI - 29)

Volatility Index ($VIX) --------- 33 ------ (RSI - 58)

Death Cross - Mar 14, 2022


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S+P 500 Support Levels - (approx)
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200 MA --------------------------------- 4493
50 MA ----------------------------------- 4383

Feb-Mar closing lows --------------- 4150
Feb-Mar intraday low --------------- 4120

Round Number support ------------ 4000

Current level ------------------------- 3964

20% Bear Market level ------------- 3840
38.2% Fibonacci Retracement --- 3800
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Sept 2020 high ----------------------- 3600
50% Fibonacci Retracement ----- 3500
Feb 2020 high ------------------------ 3400
Sept-Oct 2020 lows ----------------- 3200
61.8% Fibonacci Retracement --- 3200


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