📉Wall Street starts in the red

3:03 PM 11 May 2021

🔽The major US stock indices start the session lower. Nasdaq and Russell 2000 suffered the most

Investors in the US are affected by today's worse mood, which we could see in Europe. The main US stock indices launched today’s session with bearish price gaps. Despite the fact that we are seeing an attempt to recover, both the Dow Jones, S$P500, Nasdaq and Russell 2000 are still trading 1% lower.

Looking technically at the S&P 500 (US500) index, we are seeing a continuation of the move as part of a downward correction. If the sell-off deepens, an attack on support around 4100 pts is possible. This level is marked with the lower limit of the 1: 1 structure. According to the Overbalance methodology, only break lower would lead to a change in the trend.

US500 interval H4. Source: xStation5

Share:
Back

Join over 1 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits