A Stock Market Bottom Could Be Very Near

NEW YORK, Dec. 25, 2018 /PRNewswire-PRWeb/ --
By: Rida Morwa,

The S&P 500 Index is officially in a "bear market". The index closed on Monday down 2.7%, reaching the 2,351 level, its lowest level since April 2017. The index is down more than 20% from its September intraday high of 2941 points. The widely accepted definition of a "bear market" is a drop of at least 20% from a recent peak.

But not all hope is lost. What is very interesting in this case is that the S&P 500 index is at a major support trendline that goes back to the year 2010. This is a level that bulls will defend with all their might, and could be very positive for the stock markets as we head into the New Year. Please have a look at the chart below depicting the chart of the S&P 500 index ETF ():

To continue reading, please click on the link below:

SOURCE High Dividend Opportunities