Stock Charts: Trouble Time (SPY)

August 26, 2022, 2:52 pm EDT

Trouble Time (SPY)

Trouble time is coming to the stock markets. As shown in the featured chart of S&P500 ETF (SPY), key support level at 408 is being challenging and tested. If this level is broken, S&P could go down to 364 in fast speed as it did in June. 

Therefore, it is important to take necessary actions to avoid the big drop in the coming weeks. This chart shows us a potential selloff is coming again.

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