The S&P 500 holds the key to the next move in global equities (it’s about to get interesting)

The S&P 500 is near a key level of support that if broken could see the recent rally unwind very quickly. The S&P 500 has been a source of optimism for equity investors amid calls for a US recession and slow growth in China and Europe.

A breakdown in the S&P 500 could spark a global equity sell-off that impacts markets from the UK to China.

Having surged higher driven predominantly by 8 technology giants including Apple, Amazon, NVIDIA and Meta, the S&P rally has lost st...