Closing changes for the main US markets:
- S&P 500 -0.6%
- Nasdaq composite -0.8%
- Russell 2000 -1.7%
- DJIA -0.4%
On the week:
- S&P 500 -4.8% — worst since week ending June 17
- Nasdaq composite -5.5%
- Russell 2000 -4.9%
- DJIA -4.1%
Now for more bad news: There’s an outside bearish reversal on the weekly chart of the S&P 500 (and the Nasdaq as well).
If that’s not bad enough, next week is the worst week on the calendar seasonally for equities, over the past 50 years.
This article was originally published by Forexlive.com. Read the original article here.