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The stock market is extremely oversold and a rebound is likely, according to a technical analyst. These are the key technical levels to monitor

5 monthes ago   |   By Business Insider

Photo by Spencer Platt/Getty Images The S&P 500's 4% decline over the past week has created extreme oversold levels, according to technical analyst Katie Stockton. Volatility surged as much as 72% as fears of the new Omicron variant spread across markets. These are the key support and resistance levels investors should monitor to gauge what direction the next move in stocks will be, according to Stockton. The stock market's 4% decline over the past week doesn't sound bad given that the S&P 500 is up 22% year-to-date, and yet investors are still on edge, anticipating that this decline might...
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