<p style=““ class=“text-align-justify“>Will we get a repeat today? S&P 500 futures are down 33 points, or 0.8%, as the selling momentum from Friday last week continues to reverberate. However, let’s not forget that even with the hotter US jobs report, there was a brief period that stocks pared losses in Wall Street before the late stumble again.</p><p style=““ class=“text-align-justify“>Despite some early stumbles in the past two weeks, we can see how Wall Street has the appetite to turn things around as dip buying becomes more prevalent. Is that a sign of changing sentiment in the market? Well, we’ll have to wait and see.</p><p style=““ class=“text-align-justify“>But if anything, Friday’s drop after the early recovery is a sign that perhaps dip buyers won’t have it so easy as there are certain quarters of the market which are more cautious and/or perhaps <a target=“_blank“ href=“https://www.forexlive.com/news/is-the-market-just-scaring-itself-or-is-the-fear-justified-20230206/“ target=“_blank“ rel=“follow“>scaring themselves</a>.</p><p style=““ class=“text-align-justify“>Also, from a technical perspective, there are some challenges despite the attempted breakout by buyers in the S&P 500 last week – as pointed out <a target=“_blank“ href=“https://www.forexlive.com/news/risk-stays-in-retreat-mode-to-start-the-new-week-20230206/“ target=“_blank“ rel=“follow“>here</a>.</p>

This article was written by Justin Low at www.forexlive.com.