Technical Tuesday - March 9, 2021 - Equities

publication date: Mar 9, 2021

The recent pullback in equities has provided a buy in the S&P 500, Russell 2000, MidCap 400 (MDY), and the Airlines. The Nasdaq Composite weakness brought the index below its regression trend channel and at an important Make or break (MOB) support band. If the index cannot reverse from this zone, there is risk of another leg lower.

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