- Nearest support line of $339.82 is only $6.05 away
- Price action broke 36.07 cents below known Fib level ($346.23)
Over the last 4 days, S&P Global has fallen 2.48%. Friday's session continued down the same path: pronounced bearish sentiment in the market pushed S&P Global into a notable 0.26% slide Friday, falling 90 cents and ultimately closing at $345.87.
S&P Global has recovered 21% since descending to a significant low of $286.62 around a month ago.
Bearish sentiment was sufficient to push prices below the known Fib level of $346.23 serving as intraday support. S&P Global's notable support and resistance levels: S&P Global could begin to recover as it approaches significant support, now $6.05 away from $339.82. Dipping below could be an indication that further losses are ahead.
On the other hand, positive performances could be seen by looking at other financials stocks as The Charles Schwab was up 2.45%. Berkshire Hathaway added 1.08% to its value, and traded at $310.76. JP Morgan Chase gained 0.98%, as it traded at $133.84.