Fresh lows in stocks

Fresh lows in stocks

The bulls and bears have been battling today but after a few hours at a standstill, the bears have taken charge again. The S&P 500 is at new low, down 86 points to 4346.

A close down here would leave an ugly looking daily chart with the series of higher lows finally breaking:

S&P 500

The Fed and PBOC meetings just got a lot more interesting.