"how bearish are you feeling currently"
To be honest, I'm trying to avoid the noise and look for high quality stocks at reasonable valuations. I don't think we're near the bottom yet. So short-term I'm bearish. It looks like the S&P 500 is building a bear flag, which further downside is possible (3900-4000)
If the S&P 500 did decline down to these levels, we would have a correction of about 18% which is perfectly normal and healthy for the next leg up.
I posted a monthly chart for MQG. If $180 doesn't hold up, there's strong support around the $151 mark....
"how bearish are you feeling currently" To be honest, I'm trying...
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Last
$236.03 |
Change
0.060(0.03%) |
Mkt cap ! $89.96B | |||
| Open | High | Low | Value | Volume |
| $235.55 | $236.62 | $234.76 | $229.8M | 1.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 130 | $235.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $236.07 | 1592 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MQG (ASX) Chart |