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Michael Ashbaugh

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Oct. 28, 2020, 11:59 a.m. EDT

Bearish momentum accelerates, S&P 500 ventures under last-ditch support

Focus: Bearish price action vies with pending seasonal tailwind amid U.S. election overhang

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly lower early Wednesday, pressured amid heightened virus concerns and political uncertainty.

Against this backdrop, the S&P 500 has ventured under last-ditch support (3,328) to punctuate a failed test of the 50-day moving average from underneath.

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