Whipsaw Stock Market With Federal Reserve Meeting On Tap

Today we are sharing a quick snapshot of a basket of indices that appear to be trading near important resistance zones.

The S&P 500 Index appears to be reversing lower after attempting to breakout (very important to watch). And the Nasdaq 100 has stalled at resistance (also on watch).

As well, a few European stock market indices are trading into MOB target resistance zones and at risk for short-term pullbacks.

With the Federal Reserve meeting tomorrow. we will likely see a whipsaw market today/tomorrow. So we will wait to see how things settle after that announcement

In sum, it’s an important point for the broader financial markets.

S&P 500 Index and Nasdaq 100 ETF Charts

s&p 500 index price reversal lower february chart image investing

Twitter: @GuyCerundolo

The author or his firm have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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