Although, S&P Capital IQ’s Chief Technical Strategist, Market Arbeter, projects the S&P 500 could just dip 3% to 5% this time around, or drop to its 50-day moving average of 1370 or even near its 65-day average of 1350.
SPDR S&P 500 ETF (NYSEArca: SPY)
For more information on the broad market, visit our S&P 500 category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own SPY.
