5-Sep

2022 has seen longest weak market since 2008

Hello SpikeTraders,Markets were closed today here in the US for the Labor Day holiday. Labor Day, for those that may not be familiar with the US holiday, it is a federal holiday in the United States. It is celebrated on the first Monday in September to honor and recognize the American labor movement and the contributions of laborers. Many consider labor day weekend as the end of summer, although the official end of summer is not until September 22nd, when the fall season officially begins.Markets suffered another down day Friday as the Dow lost another 338 points and the S&P500 closed below the 4000 level. The weekly supports are on the verge of breaking down, and failure to hold support will likely indicate the June lows will be violated. Let's look at the charts...

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