This Line in the Sand Will Be Crucial for the Market’s Future
As the market continues to move down sharply for a fourth day in a row, I wanted to bring you a quick update with some important information that will shed some light on what the market will do going forward.
After the worst week on Wall Street in years, the markets have just about given back all of the gains made since the middle of 2019. Many are left wondering if this is the beginning of a long awaited market correction, and some fear-based selling has been driving the market lower.
With the market sinking as far down as it has, there are two very important resistance levels – which held on several occasions in 2019 amid trade war concerns – that will indicate just how big this sell-off could be.
In today’s market update, I’ll show you the level that you need to keep your eye on to determine if we’re starting to see some stabilization, or if this is just the beginning of a larger pullback.
D.R. Barton, Jr.