✂ US100 breaks key level as investors panic

3:13 PM October 26, 2020

⏬ Bears are taking control amid deteriorating news flow. Will the final days of October see a major sell off?

Monday started in poor moods and it only got worse from there. Weekend COVID statistics were backed by action today as Spain introduced the state of emergency, signaling what might occur elsewhere as well. DE30 is tumbling heavily (3.5% already!) as SAP trimmed revenue outlook citing pandemic as a reason. US indices help up fairly well for a while but seem to be bending under pressure eventually. Crucially, US100 has just broken the key support at 11550 and the next support line is at a distant 10670. Keep in mind that all top4 tech companies will publish reports on Thursday (make sure to follow the “News” section for details).   

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