HomeMarketsIndicesWelcoming Selling In The S&P 500 & Energies As Global Economy Slows
Welcoming Selling In The S&P 500 & Energies As Global Economy Slows

"The S&P 500 Index or SPX futures next price level of support is about $3,810. Historically, quadruple witching has caused the stock market to decline as the Federal Reserve is not easing. Therefore, commodity prices could trade lower. Also, if the crude oil price holds at the $85 level, we could see an inverse head and shoulders chart pattern. I continue to like energy stocks. There is also volatility in the natural gas price due to the railroad strike," says Bill Baruch.

Futures

16 Sep 2022

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