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IBEX Triggers KDJ Death Cross, Bearish Marubozu in 15min Chart
ByAinvest
Friday, Aug 1, 2025 1:21 pm ET1min read
According to IBEX's 15-minute chart, a KDJ Death Cross and Bearish Marubozu were observed on August 1, 2025 at 13:15. This indicates a shift in the momentum of the stock price towards a downward trend, with a high probability of further decreases in the coming days. The market is currently under the control of sellers, and this bearish momentum is likely to persist.
Wall Street's main indexes led a global selloff on Friday, August 1, 2025, as new U.S. tariffs on dozens of trading partners weighed on sentiment, while a weaker-than-expected payrolls report added to risk aversion. The Dow Jones Industrial Average (.DJI) fell 573.05 points, or 1.30%, to 43,557.93, the S&P 500 (.SPX) lost 93.99 points, or 1.48%, to 6,245.40, and the Nasdaq Composite (.IXIC) lost 412.60 points, or 1.95%, to 20,709.85 [1].Among the notable events, Amazon (AMZN.O) dropped 8% after its cloud computing unit failed to impress investors, lagging behind AI-focused rivals Alphabet (GOOGL.O) and Microsoft (MSFT.O) [1]. Additionally, the U.S. job growth slowed more than expected in July, with the unemployment rate remaining relatively stable [1].
According to IBEX's 15-minute chart, a KDJ Death Cross and Bearish Marubozu were observed on August 1, 2025, at 13:15. This indicates a shift in the momentum of the stock price towards a downward trend, with a high probability of further decreases in the coming days. The market is currently under the control of sellers, and this bearish momentum is likely to persist [2].
The day's sharp losses put the S&P 500 and the Nasdaq on track for weekly losses, offsetting the week's earlier momentum on signs of economic resilience, AI boost, and key U.S. trade agreements with top partners such as the European Union [1]. Declining issues outnumbered advancers by a 2.74-to-1 ratio on the NYSE and by a 3.58-to-1 ratio on the Nasdaq [1].
References:
[1] Reuters. (2025, August 1). Wall Street's main indexes lead global selloff on Friday. Retrieved from https://www.reuters.com/business/wall-st-selloff-sparked-by-tariff-onslaught-weak-payrolls-2025-08-01/
[2] Tickeron. (2025, August 1). Compare IBEX vs. TTEC. Retrieved from https://tickeron.com/compare/IBEX-vs-TTEC/
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