S&P 500 could hit a death spiral down to 2,100 if a recession comes: Sven Henrich (via TradingNation)
, also known as the VIX or the "fear gauge" — the current layout feels like the calm before the storm, the strategist said.
While that sounds somewhat bullish for stocks, the real bullish trend is in the chart of the VIX, which could be setting up for another spike to the 28 or 30 level, Henrich said. And, if the Fed's ability to ward off a potential slowdown fails, stocks could be in for a sustained drop, Henrich warned, pointing to an"This is not necessarily a bearish chart, but it can be an extremely bearish chart," Henrich said, emphasizing that if the S&P is unable to break through the upper trend line of this "megaphone" pattern, the downside risks will rise "significantly.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
MLB roundup: Yankees' Judge third fastest to 100 HRsMasahiro Tanaka pitched seven scoreless innings, and Aaron Judge reached a miles...
Leer más »
Woman practicing extreme yoga survives 80-foot fall from her balcony, suffers 100 fracturesAlexa Terrazas López from Nuevo Leon is in a coma and is unlikely to walk for three years.
Leer más »
Turns Out I’m 100 Percent That LeechLet this newly discovered three-jawed, 59-toothed leech be your end-of-summer inspiration.
Leer más »
The 100 Best Movies on Amazon Prime Right NowA collection of classics, blockbusters, and under-the-radar flicks, you really should watch all 100
Leer más »
Dow drops more than 100 points as bond-market recession indicator, trade worries worsenThe Dow dropped more than 100 points as trade uncertainty continued and a recession indicator from the bond market worsened. As the yield curve remained inverted, both the S&P 500 and the NASDAQ also closed down.
Leer más »
American Zach Bitter Crushes 100-Mile World Record With 6:48-Mile PaceAfter six years as the reigning American 100-mile record holder, zbitter can finally claim the world record, too, after running a time of 11:19:13
Leer más »