The S&P 500 Drops to New Correction Low

This morning, the S&P 500 got as low as 2,567.44. That’s a new correction low (meaning, since the all-time high was reached on September 20).

That’s the lowest the index has been on an intra-day basis since April 2, when it got to 2,553.80.

On many of the previous intra-day lows, the market rallied later that day. It looks like that may be happening again. If we were to close below 2,581, then it would be our lowest close since November 17, 2017. That could still happen.

Posted by on December 17th, 2018 at 11:02 am


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