The S&P500 and Nasdaq Composite hung tight in the 3rd quarter of 2019 with the S&P500 rising 1.19%* while the Nasdaq gained 1.23%*. (* percentages listed without dividends)
These tame returns masked a more volatile quarter of price swings that featured three sharp declines in the middle of the quarter with the worst one falling (-6.80%) on S&P500 and (-8.11%) on the Nasdaq . While the major indexes rallied in the last half of the quarter, they faded into its end and in the process failed to make a new high. This price action set up the possibility of a “sub-peak” and put the finishing touches on a ominous possible “head and shoulders” pattern.
Remember to keep checking our “Current Market Outlook” section for important technical updates on the market as 2019 progresses.
Have a Triumphant day! ®
Q3 2019 Weathers China, Hong Kong and Ukraine News The S&P500 and Nasdaq Composite hung