S&P 500 Forecast: Rare Reversal Price Action in US Markets, Traders Switch to Sell the Rip

S&P 500 Forecast: Rare Price Action in US Indices, Traders Switch to Sell the Rip

1/25/2022 6:15:00 PM

A rarity in yesterday’s price action with the S&P 500 recovering from an intraday loss of more than 3.98% for only the third time. Get your market update from JMcQueenFX here:

S&P 500 Forecast: Rare Price Action in US Indices, Traders Switch to Sell the Rip

Market Participants Flip from Buying the Dip to Selling the RipHas the Powell Put Been Reached?Flipping From Buying the Dip to Selling the Rip MentalityA rarity in yesterday’s price action with theS&P 500 recovering from an intraday loss of more than 3.98% for only the third time

. Now while a recovery in the index from such a sizeable drop may look encouraging, giving a sense that “buy the dippers” are back, theother two times that this had occurred was during 2008 on October 16thand 23rd. As such, in light of the aggressive bid into yesterday’s close, market participants have used this to sell the rip. Ultimately the factors behind the sell-off remain unchanged thus far and all eyes will be on the

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