16.7 C
New York
Wednesday, May 13, 2026
HomeMarkets
MarketsPerspectives

ETF News Update: S&P 500 Breaks Down

By Ilene
0
85

Courtesy of John Nyaradi

S&P 500 (SPY) Breaks Down

 

Today’s stock market action took the S&P 500 (NYSE: SPY) through break down levels and into a point and figure “Sell” signal.

Downside price objective is now 1200 with no visible support until 1250.

S&P 500 Index Chart (SPY)

chart courtesy of www.stockcharts.com

This is the last major index to go on a “sell” signal but all are still within the context of a longer term bull market denoted by the blue Bullish Support lines and 200 Day Moving Averages.

All signs point to more intermediate downside price action ahead.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

149,044FansLike
396,312FollowersFollow
2,680SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2026
0
Would love your thoughts, please comment.x
()
x