The S&P 500 index fell below its 100-day moving average, sparking concern among investors. Lia Holmgren thinks the index remains just 3% away from another major technical level, raising fears of further market declines. However, Holmgren plans to focus on buying quality stocks as the situation develops, while analysts at Goldman Sachs echo her caution, suggesting more market pain is ahead.
Source: https://tradersunion.com/news/market-voices/show/1613898-spx-breaks-100dma-downside