Multiweek Selloff Risk: Owen sees a possible selloff in $S&P 500(.SPX)$ that could unfold over several weeks.
Trading Range Rebound: The market bounced near the lower edge of its prior trading range, broadly following Owen's path for $S&P 500(.SPX)$ from a week earlier.
Complacency After Rebound: The bounce in $S&P 500(.SPX)$ could leave investors complacent while downside risk remains.
Chip Trading Stays Active: Lower semiconductor valuations and active trading could keep $S&P 500(.SPX)$ swinging across a wide range before any panic selling takes hold.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
