US500 TECHNICAL ANALYSIS SHORT TERM VIEW
US500 is running in downtrend and its trend is negative and its resistance area is 4184 to 4200 and overall final stop loss 4212.It can decline below 4150 level in form of wave 5 as shown in graph.Intraday purpose we can sell it at present levels with stop loss 4212 for 4155,4150 and 4145 targets respectively.At level of 4150 it has made irregular correction so it can sharply achieve 4150 level without touch 4212 level.
QUICK FUNDAMENTAL LOOK
S&P 500, Nasdaq end sharply lower as Alphabet disappoints, Treasury yields bounce.New home sales beat consensus, mortgage rates hit 23-year high,S&P 500 closes below 4,200,Nasdaq's biggest one-day drop since February.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.