Sentences with phrase «below key technical levels»

The S&P 500 closed below a key technical level for the first time in nearly two years on Monday, a sign that stock investors could be in for more turbulence ahead.

Not exact matches

The S&P 500 also closed down more than 7 percent from an all - time high set last month and broke below its 50 - day moving average, a key technical level.

The PowerShares QQQ Trust (QQQ), which tracks the tech - heavy Nasdaq 100 index, dropped 2.5 percent, breaking below its 50 - day moving average, a key technical level.

During stock market corrections, key technical support levels generally get «undercut» (quickly probe below the obvious support level, then rebound just a few days later).

NEW YORK (Reuters)- Wall Street shares plunged on Monday as investors fled technology stocks amid resurgent trade war worries, with key indexes trading below their 200 - day moving averages and the S&P 500 closing below that pivotal technical level for the first time since Britain's vote to leave the European Union in June 2016.

Although the broad market still has several key support levels just below (as of yesterday's close), overall technical market conditions continue to erode.

The benchmark S&P 500 Index closed right at the edge of two key technical support levels yesterday, and a breakdown below that pivotal convergence of support levels in today's session could easily lead to a sharp move lower in the near - term.

Traders who use technical analysis will place stop orders below major moving averages, trendlines, swing highs, swing lows or other key support or resistance levels.

Shares of Facebook traded more than 10 percent below their all - time high set on Feb. 1 and dropped below their 50 - day and 100 - day moving averages, two key technical levels.