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2026
SPY breaks Sept 16 horizontal support.
S&R measuring technique indicates 1.618% target at $730.96 and 200%
target at $719.00, which would slightly exceed its June 9 $722.59 low.
SPX -334.89 is the largest point drop of 2026 and at -4.36% the largest
percentage drop of 2026.
SPX -334.89 7,353 opened
and closed er and formed its largest red candle of 2026. Breadth weakened as decliners led on both the
NYSE and NASDAQ exchanges.
SPX
advancers: APP TPR VRSK CPAY CF CHTR MSI ALB MOS STE BR.
SPX
decliners: SNDK LITE MU WDC AMD BE P LRCX STX TER CIEN.
Oil /CL fell
+3.16 and
closed at 91.20.
SPY -33.81, -4.41%, above
average volume of 125.8 million shares.
VIX +11.57, 28.18 closed significantly higher.
Up:
Down: DIA, SPY, IWM, QQQ,
Mega caps WMT, BRK/B, AAPL,
GOOGL, AMZN, LLY, MSFT, META, SPCX, NVDA, AVGO, TSM and TSLA fell on Thursday. MU has
fallen below $1 trillion and is no longer a Mega cap.
SPCX closed at 123.62, -12.30, volume
of 170.5 million shares. Our view is that SPCX proved its
ability to produce profits in its last quarterly report. IPO at 135 on June 12. Investors seem to be willing to speculate on
this company’s long-term fundamental future.
Rumors continue to circulate that SpaceX may acquire TSLA.
The SPY
MFC green line pointed
down at 17.7,
price-action broke support and is bearish. -9.5.
All eleven sectors were lower on
Thursday, XLK -8.24%.
12
of 100
NDX stocks closed higher on Thursday.
52 NDX stocks are above their 30
DMA: ISRG, TXN, MAR, FAST, COST,
LIN, ADSK, AEP, PYPL, ADP, CCEP, CTAS, ORLY, TRI, XEL, MRNA, AMGN, KDP, EXC,
GEHC, IDXX, MDLZ, CSX, AZN, GILD, INTU, MNST, REGN, ADBE, HON, PAYX,
ROP, SBUX, WDAY, PEP, KHC, NXPI, VRTX, CPRT, FER, CMCSA, PDD, ABNB, ROST,
AAPL, AMZN, BKNG, DXCM, MSFT, TMUS, TTWO, APP,
NDX Stocks to Watch on Friday
Moving Above 30 DMA = 1
APP,
Moving Below 30 DMA = 3
AXON,
DASH, TSLA,
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