S&P 500 Outlook for November 5, 2026

[OveFinance]

S&P 500 Outlook for November 5, 2026​

The S&P 500 is currently in an upward margin cycle. A clear technical pattern is developing. I believe it is appropriate to initiate long positions with a stop-loss placed below the 1/4 margin zone from yesterday’s extreme.

Potential targets are the margin zone area and the 7800 level just above.

 

[ForexFlash]

Today, more than $3 trillion was wiped off the US stock market.

The market crash in the US was the worst since the coronavirus pandemic in 2020. A record $3 trillion was erased from the market today. The Nasdaq 100 technology index plummeted by 6.4%, and the S&P 500 fell by 4%.