SPY News: S&P 500 Trades At Two-Month Low: Where Is The Next Support? - 23rd Apr 2024, 1:20am

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S&P 500 Trades At Two-Month Low: Where Is The Next Support?

The S&P 500’s descent below the 5,000 mark marks a two-month low, bringing the index’s worst monthly performance since December 2022 into sharp focus.

After closing in the red for the last six sessions, the index — tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) — is currently facing its worst losing streak since September 2022.

Furthermore, prices have slipped below the 50-day moving average, a bearish signal th...

>>> Read more: S&P 500 Trades At Two-Month Low: Where Is The Next Support?
 
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