MARKET OUTLOOK | TUESDAY
The market still looks fragile despite the sharp drop in oil prices. Lower oil hasn’t translated into a meaningful equity rebound yet.
The focus now is on how markets react to the midterm elections and whether selling pressure continues.
Key levels being watched:
* SPX: 7,500, with 7,400 as a further downside reference.
* QQQ: 676 resistance, with 661 as a potential support test.
Chip, AI, and memory stocks also need to show stronger price action before confidence improves.
A single green session doesn’t confirm a bottom. Patience matters while the market searches for direction.
