S&P 500 Key Levels – March 11
It is hard to believe the S&P 500 reached its all-time high on February 19, only 14 trading days ago. Since then, the index has traded lower in 10 of those 14 sessions, though today, it bounced exactly where expected—at the 10% correction level and the first key Fibonacci support (see highlighted purple boxes in the table below).
Nasdaq Doji Candlestick
Also of note is today’s Doji candlestick in the Nasdaq composite. Today’s long lower wick indicates that sellers initially drove prices down, but buyers later stepped in to push the price back up to close near the opening level. This suggests that bearish momentum may be waning, and a potential reversal or consolidation phase could be forthcoming.
However, market liquidity remains weak, and price action has been poor.
That said, stocks are deeply oversold, and if a tradable bounce materializes, the first key resistance is today’s high at 5636.30, followed by Monday’s high at 5705.37. A breakout above these levels could bring the 200-day moving average at 5738.94 into play.
On the downside, today’s low at 5528.41 serves as immediate support. Below that, an “air pocket” could accelerate selling toward the thin support line at 5400 and the next Fibonacci support at 5132.90.
A full 20% correction at 4917.94 would officially mark bear market territory, which we believe is much more likely than what the market expects.
Staying cautious, keeping risk controls in place, and looking to sell at higher levels.
Source: https://global-macro-monitor.com/2025/03/11/sp-500-key-levels-march-11/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,681,927,301 |
| Stories: | 8,370,634 |
Whistler Blowers, Insiders
