How Far Can This Tech Sell-Off Go? S&P 500 Targets (Your Market Update Video)

Following the recent sharp sell-off in U.S. tech stocks, we answer the number one question on investors’ minds: how deep could this pullback go? While our multi-quarter trend-following model remains in a bullish regime for the S&P 500, short-term momentum has been bearish for several weeks. Watch this breakdown to see why a continuation of current momentum could drive a full retracement back to major former resistance near the 700 level on the SPY, and why holding off on aggressive dip-buying remains prudent until momentum confirms a bottom.