The VIX is showing increased downside risk for the SPX and initial support near 3900 for the SPX shows a strong possibility of breaking, which would set the next SPX support level at 3500. Again only time will tell So just go slowly with committing new money If this happens the areas most likely to get hit are technology, discretionary, and communications. Energy, industrials as well as healthcare, staples, utilities should hold up better than the SPX

Posted by Suze at 2023-02-21 14:23:27 UTC