The S&P500 retreated from a record Monday, pressured by declines in shares of banks and technology stocks. Financial stocks led declines after a large investment fund last week unwound billions of dollars in holdings, triggering concern that global banks that dealt with the firm could face sharp losses.
FUTURES PRICE LEVELS
Key pivot levels: 3980 and 3880
Key pivot levels: 13150 and 12800
RUSSELL RETREATS AGAIN
The small caps Russell dropped 2.8% today. If RTY continues to drop during the next several sessions and closes below the 2100 support, this would be a major warning sign.