Technical analyst Dave Chojnacki of Street One Financial examines Tuesday’s big pullback and updates the key technical levels to watch for the major U.S. averages, as geopolitical and natural disasters highlight the risks for today’s investment landscape.
Equities gapped down at the open on Tuesday, and you can pick your catalyst. We had North Korea, Hurricanes Harvey and Irma, and a DACA ruling from the White House. We also had the inefficient Congress come back to work. It was probably all of these factors that contributed to the biggest sell-off in two weeks.