Paul Rejczak weighs in on a downtrending S&P 500, and gives his take on where it's headed next.
The U.S. stock market indexes lost between 0.6 percent and 1.2 percent on Wednesday, extending their short-term downtrend, as investor sentiment worsened. The S&P 500 index got very close to the level of 2,800 before bouncing off that support level. It currently trades 1.9 percent below the January's 26th record high of 2,872.87. The Dow Jones Industrial Average lost 0.6 percent and the Nasdaq Composite lost 1.2 percent on Wednesday.... CLICK for complete article