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S&P 500 in bear territory: what now for stocks?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Following the late bounce on Wall Street last night, European markets opened today’s session slightly firmer. Trading has since been very choppy however. Speculators are probably wondering whether a near term bottom has finally been established or if the rebound was a mere short-covering rally as after all we have seen plenty of such rallies already this year. Market participants are also digesting US earnings, with the reporting season being in full swing now. Overall earnings results haven’t

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