Bear Market Support Levels: Where Are They?

by Mike ‘Mish’ Shedlock
Mish Talk

A look at the technical picture shows support levels and possible bounce points to watch on each of the indexes.

S&P 500

The S&P 500 is right on support.

Technically, one would expect a bounce here. But to where is hard to say. This is a severely stressed chart and a recession is here.

Also, the bond market is still dislocated. Today the Fed announced more Repos and stocks decline 12%.

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