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In a dramatic Thursday session, the S&P 500 plunged 1.74%, marking its largest single-day drop since the conflict began and critically testing its annual moving average support. This latest 14-minute analysis from JohnLu谈股 dives deep into the technical breakdown, revealing that this is not an isolated event. The Nasdaq followed suit with a 2.38% drop, also breaching its own annual support line, while major tech giants like Meta, Nvidia, and Google saw significant declines of up to 8%. The video presents a crucial historical analysis of bull market pullback cycles, suggesting the current correction, now in its 9th week, could potentially extend for several more. Most importantly, the analysis identifies specific, actionable downside targets for both major indices based on classic trend theory, pinpointing key levels for potential rebounds or swing trades in April. It also warns against premature buying, highlighting a specific technical indicator that signals a safer, right-sided entry point for investors...
Thursday's market panic was historic. The S&P 500 recorded its largest drop since the war began, falling 1.74% to touch its annual support at 6477. The Nasdaq wasn't spared, plunging 2.38% and breaking below its own annual line at 21606. Mega-cap tech led the selloff, with Meta down nearly 8%, Nvidia dropping over 4%, and Google falling more than 3%.
This analysis provides a clear framework for the pullback. Based on historical bull market corrections, the current downturn—now in its 9th week—could extend to 13-14 weeks, potentially lasting until late April. More critically, it outlines specific downside targets for both the S&P 500 and Nasdaq if the correction deepens, identifying key zones for potential April rebounds or swing trade opportunities.
A major warning is issued against trying to catch a falling knife. The video emphasizes that a classic technical indicator, the weekly J-value, must cross above 20 to signal a stable, right-sided buy signal. Investors are advised to wait for this confirmation and a sustained one-to-two-week rally before deploying capital to avoid getting trapped in a downtrend.
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