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S&P 500 Nose Dives Tuesday
Trent Grinkmeyer
August 16, 2023
Futures Flat Wednesday Morning
Was that the big sell off we’ve been waiting for or just the start of a downward move in the equity markets.
15 minute chart of Tuesday S&P 500 Move Lower
In the final hour the sellers came out in size the index down until the last 15 minute buyers came in an bought to most likely cover their short positions. You can see from 9:15am to 2pm their was not much movement. Shorts accumulating short positions? Looks like it.
Where are we headed tomorrow?
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