HomeMarketsTechnical Analysis'Aggressive' SPX Sell-Off After Rate Cut, Shatters 6,000 Support

'Aggressive' SPX Sell-Off After Rate Cut, Shatters 6,000 Support

The Fed's rate cut outlook sparked a big sell-off in the SPX, causing levels to slip below its prior support. Kevin Green looks into the put-positioning that began with the FOMC's announcement. He also turns to the percentage of SPX stocks above their 200-day moving average and the VIX to show their roles in the downside slide.

Market On Close

18 Dec 2024

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