- The S&P 500 is on the verge of a technical breakdown, according to Fairlead Strategies’ Katie Stockton.
- Stockton said that 4,180 is a key support level that needs to be preserved to prevent further selling.
- Extreme sentiment readings suggest to Stockton that a reversal in stock prices could be imminent.
The S&P 500 is on the verge of a technical breakdown, but Fairlead Strategies’ founder Katie Stockton says don’t sell stocks just yet.
That’s because oversold extremes are flashing for certain indicators, suggesting that a rebound could be imminent.
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