How Much More Will This Market Fall?
Posted on Monday, October 4, 2021 at 11:35 AM
Dan Passarelli, CEO - Market Taker Mentoring
In this video, Dan Passarelli of Market Taker Mentoring reveals how much more will this market fall. Dan looks at support and resistance chart levels to see price targets for how much room there is to the downside in the stock market.
When stocks or ETFs fall through support, they can experience follow through and momentum lower. Then the support level becomes a resistance level. We've seen that recently with the 20-day moving average and the 50-day moving average too.
Right now the 200-day MA is the strongest support level on the chart from a technical analysis standpoint.
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