Image: Trading MomentumMajor Indexes Test Long-Term Support as Market Weakness Broadens Beyond Tech
• Key stock indexes broke or are testing long-term support levels, with the Dow Jones closing below its 200-day moving average for the third consecutive day. • Market weakness has shifted from selective rotation to broader deterioration, with participation narrowing and leadership concentrating in defensive and commodity-driven sectors. • Technical analysts warn that previous orderly rotation patterns have given way to genuine breakdown, signaling potential for sustained market pressure if support levels fail.
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