Ongoing downtrend raises chances of a persuasive break of existing support at $347.11
Stifel's upper Bollinger Band® at $62.79, suggesting a further decline is forthcoming.

$349 marks the crossover point where S&P Global price action falls below its 21 day Simple Moving Average. In contrast, a persuasive break of this target could lead to higher losses.

Several technical indicators are adding weight to the bearish momentum seen today and forecasting S&P Global to extend its recent losses.

Visual analysis of AMG's chart shows that AMG's run now faces a challenge at $139.34, which is only $1.58 away and will be interesting to follow. Trend-following investors would be interested to note that AMG's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. AMG is hovering around the $137.39 Fibonacci support level. Asset volatility analysis shows that AMG's lower Bollinger Band® is at $136.75, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

For the time being, AMG remains flat without a clear direction.

Visa Inc. made an initial foray below its 50 day Simple Moving Average around $224.76. Despite this, the lower Bollinger Band® of Visa Inc. is at $224.08. Visa Inc. is trending down and heading towards $224.11, which is only $1.49 away now. Hitting this support line might signal a change of direction.

Although price action remains in a stalemate, technical analysis suggests Visa Inc. could be primed for a break to the downside.

Trend analysis indicates that Stifel's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Stifel is hovering around the $55.11 Fibonacci support level. According to asset volatility analysis, Stifel's lower Bollinger Band® is now at $55.72. Chart analysis indicates Stifel's run now faces a challenge at $55.38, which is only 43 cents away and will be interesting to follow.

For the time being, Stifel remains flat without a clear direction.

Fundamental indicators – data from United States concerning Initial Jobless Claims was released today at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 229,000 to 242,000 this month.

Upcoming fundamentals: United States Non Farm Payrolls projected to decline to 180,000 while previous data was 236,000; data will be released tomorrow at 12:30 UTC.