SPX Experiences 8 Red Days in the Last 9: More Declines Ahead?

The S&P 500 (SPX) has faced significant volatility recently, recording losses in eight of the past nine trading days. This downturn began on February 21, 2025, following the breach of a critical support zone between 6116 and 6123. Such breakdowns often lead to accelerated declines, as observed in the current market scenario.​

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Despite intermittent bounces, including a 130-point rally into Monday morning, the index has struggled to maintain upward momentum. The 5858 support level has been a focal point, with multiple engagements over the past week. On March 3, 2025, the SPX lost this support, triggering a sharp 100+ point selloff. Subsequent attempts to reclaim this level have been met with resistance, leading to continued downward pressure.​

The persistent decline raises concerns about further losses. Technical analysis indicates that the SPX has broken through the floor of a rising trend channel in the medium term, suggesting a potential slowdown in the rising rate or a possible trend reversal. ​

Learn More:

• S&P 500 Experiences Worst Week Since September

• Technical Analysis: SPX Breaks Below 200-Day EMA​

• Market Sell-Off Accelerates Amid Recession Fears​

• S&P 500 Technical Analysis and Moving Averages

• Nasdaq 100, S&P 500, Dow Jones Price Forecast​

​Disclaimer: This newsletter is for informational purposes only and should not be considered financial advice. Please consult a financial advisor before making investment decisions.