Schwab sees an S&P downside pattern despite stronger market breadth
SNSchwab NetworkYouTube channel
AI · systemfrom the 07:25 video
Schwab’s technical strategist sees an S&P 500 double-top pattern pointing toward 7300 after a break of 7600, yet says more than 70% of constituents trade above their 50-day average. She watches Russell 2000 support near 2800 and resistance around 2,870, with lower Treasury yields potentially helping a breakout. Crude oil’s 87–89 support zone is another test: a break around 87 could imply summer lows near $67. These are conditional chart scenarios; no target deadline is given.
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