Looks like S&P is about to break its channel on the bottom as it is nearing a key level on Fib.
if it breaks the next supports to test would be 3749, 3694, 3527, 3230.
The massive sell off seems to be fueled by inflation and the treasury bonds being weaker.
Although it seems the market should tank with an unhealthy economy and market. I think the stimulus announced last night will fuel a rally and will not see a major crash but maybe another correction again soon.
if it breaks the next supports to test would be 3749, 3694, 3527, 3230.
The massive sell off seems to be fueled by inflation and the treasury bonds being weaker.
Although it seems the market should tank with an unhealthy economy and market. I think the stimulus announced last night will fuel a rally and will not see a major crash but maybe another correction again soon.