SPX | Hammer at 50DMA: Oversold Setup Hints at Green Monday
$S&P 500(.SPX)$ - Hammer at the 50DMA: Be careful being too bearish at this point, the market has reached oversold levels along with stock participation, and after an intraday visit to $6,620 as a key monthly level, the odds for a green Monday are significant.
Stock chart displaying S&P 500 index with candlestick patterns including a hammer at the 50-day moving average line sectors like $Technology Select Sector SPDR Fund(XLK)$ up 1.4 percent $Energy Select Sector SPDR Fund(XLE)$ down 1.4 percent $Utilities Select Sector SPDR Fund(XLU)$ down 1.4 percent $Consumer Staples Select Sector SPDR Fund(XLP)$ down 0.7 percent $Financial Select Sector SPDR Fund(XLF)$ down 2.4 percent $Consumer Discretionary Select Sector SPDR Fund(XLY)$ down 0.7 percent $Communication Services Select Sector SPDR Fund(XLC)$ down 0.9 percent $Health Care Select Sector SPDR Fund(XLV)$ down 0.8 percent $Materials Select Sector SPDR Fund(XLB)$ down 2.7 percent $Industrial Select Sector SPDR Fund(XLI)$ down 1.7 percent over dates from July to November
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