Wall Street Traders Hunt for Bottom as War Turmoil Continues
Yahoo Finance·2026-03-11 21:38

Wall Street traders are poring over charts to determine how much further the S&P 500 Index might fall as war in the Middle East rages on, with technical analysts noting early signs of bearish momentum. The S&P 500 fell 0.2% on Tuesday, dropping further below both its 50- and 100-day moving averages. Breaching both indicators illustrates bearish sentiment: the 50-day moving average is more of a short-term trend, while the 100-day moving average is viewed as more medium-term one. Most Read from Bloomberg ...