Here are charts as of a few mins ago. Well... I had heard news of Covid variant issues in Africa and Europe. FBN reports this is what is affecting market. That may be true, but I am bothered by S fund having larger drop than I fund. Thinking, why would S fund small and mid-caps be affected more than I fund, as you would think they have the larger exposure at this time. If you have an idea on that, please comment.
Also noticing S fund price has now dropped through support of the longer-term lower (blue) trend line that goes back to Feb 2021. So, wondering if this drop has legs??
The decrease since the high of about 2298.83 on 11/5 is now at -7.67%.
I wanted to enter when I first saw drop, but will hold off again.
Will revisit this on Monday. Market closes today at 1PM ET, but our IFTs still cut off at noon ET.
Hope you had a happy and blessed Thanksgiving!
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