This post was originally published on this site.S&P 500 forecast after the AI bubble panic: Why Friday’s selloff is not yet a major bearish reversal Friday’s selloff in AI and chip stocks looked alarming, but the S&P 500 E-mini futures (ES) are telling a somewhat less frightening story. Following the October 16 close, my four-hour technical analysis still shows a decline within a broader trading range, rather than a confirmed major bearish trend reversal. The next important test is around 7,668, and I explain why in my video below: AI stocks were hit hard, but the broader market tells a...
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