Above The 40 – The Stock Market Cascades Down To Oversold Territory
October 11, 2018 at 10:56 AM EDT
Sellers dominated the trading action in a way that we have not seen in a long time. The S&P 500 (SPY) dropped 3.3%, its largest single-day loss since early February. The NASDAQ dropped 4.1%, its largest single-day loss since June 24, 2016.
