For two straight days, US stocks have started deep in the red as the war in the Middle East turned investors risk averse. Both times dip buyers rode to the rescue midday, wiping out much of the earlier drops.
It’s a curious market for investors who have turned defensive. For chart watchers, the trading smacks of complacency. Technicians say that some key levels have been tested, and while they have for the most part acted as support, more choppy trading could cause them to erode.
The S&P 500 Index tumbled as much as 2.5% to 6,710.42 on Tuesday, briefly breaking ...