(Bloomberg) — U.S. stocks may have fallen 13% in the past seven sessions, but never fear, there’s a bastion of support. It’s just another 11% further below.The S&P 500 Index closed at 2,954 on Friday, after having fallen as low as 2,856 early in the session. The ferocity of the multi-day decline saw the gauge blow post its standard daily moving averages. So technical gurus have had to reach even further back to find the levels likely to be key from here — and there’s one in particular that they’re watching.If Friday’s S&P 500 futures low of 2,853 fails, “there …read more
Source:: Yahoo Finance
