S&P 500 is looking over the edge of a technical cliff — what happens if it falls off?
Summary
The S&P 500 is currently approaching a critical technical level that concerns market analysts. If the index drops below the specified threshold, financial experts warn that it could trigger heavier selling and higher market volatility, potentially resulting in a full correction.
Falling below 7,500 would lead to a dramatic increase in selling pressure and volatility, a J.P. Morgan strategist says, and that could end in a full-blown correction
Source: Read the full story at MarketWatch.com - Top Stories
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