Greene sees fragile rebound, with Nasdaq recovery near 27,560 a test
SNSchwab NetworkYouTube channel
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Schwab’s Kevin Greene says a Nasdaq 100 recovery to around 27,560 would count as progress on November 6, while its 200-day moving average remains resistance. He describes the prior session’s downside-volume move as a four-standard-deviation event and warns that thin S&P 500 futures liquidity can amplify moves. His session range is 7,200–7,500 for the S&P 500. A VIX near 27 could help fuel a rebound on good news over the next few days, he says, but further weakness outside technology and communication services would deepen his concern.
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