pax1, markets, nse, bse, dija, dow, S&P,gold, rupee, pmi, tata, reliance,
In Friday’s trading, the S&P 500 broke below both the 50-day moving average and the 1,800 support level. The next notable technical support is 1,775-1,780. With the exception of very minor support at 1,745, there is little support down to the 1,700 level. We need to see if this level is held failing which the correction will be deeper.