Risk stays on the defensive after the selloff yesterday ...Middle East

It looks like the bump higher during month-end last week was just that. Equities are starting to feel nervous again, with concerns surrounding Nvidia and tech resurfacing. It was brushed aside briefly after the earnings last week but added worries about global growth is perhaps also piling on top of things. The S&P 500 fell by a little over 2% yesterday but still held just above 5,500.That will be a key line in the sand to watch in the days ahead. A break there will start to draw in more Fib retracement levels as outlined above. However, the more important technical level to watch on any pullback will be the 100-day moving average (red line). That is now seen at around 5,368.So far today, ri

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Risk stays on the defensive after the selloff yesterday ...Middle East

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