Historically, investors and traders have looked toward the market leaders in certain sectors (the so called “Generals”) to help gauge overall market health. Goldman Sachs, Freeport-McMoran, Google and Apple are currently four of those generals. Taking a look at their recent price action doesn’t paint a pretty technical picture for the broader market. The SPX is sitting on some key technical levels.
SPX sitting on a dangerous line and not much but air underneath it until 1240…