Closing Bell Overtime: Stocks Break 2-Day Win Streak 10/5/22
Closing Bell
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Is 3500 Going to Be the Next Battleground?
The S&P 500 was at 16.9 times forward earnings on Friday, which is right in line with the historical average for this time of year. If 3500 fails, you looked at 3200, that's an average recession. So 32% to 3200 would sort of be the next battleground. And interestingly, some of my friends in the technical strategy community have also been talking about 3500 and 3200 as support levels.
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