re: Whats the next event that could send the markets back down to the 3500 level or lower??

quote:

---

Big selloff today . For Sure

---

gotta love the timing of that post.

Nothing fundamentally has changed, but that was a huge intraday rally from Powell's statement that was already known information. Really incredible actually.

We'll see how much carry through happens with every trader eyeing S&P's long-term resistance lines coming up between 4080-4010, which the index is essentially at after it blew its load today.

Fundamentals are on the back burner until further notice.