An Index on the Verge

A Flash Market Update

As I described earlier this week in my Big Portfolio Refresh, the S&P 500 had pulled back since the FOMC meeting of Feb 1 and is now testing important support levels.

Over the past 2 days, things have gotten quite a bit more interesting as the index saw a wild swing today with an intraday move of +1.66%. That’s the largest bullish intraday move in the S&P 500 since Feb 7.

So let’s take a look at what today’s big move in the SPY means for investors.

For my paid subscribers, and in between my more significant posts, I publish these Flash Market Updates anytime I observe something that may have significant impact on investors’ portfolios. My readers have found these updates to be an important complement to my more detailed writings.