The line of least resistance still facing to the floor
It seems the line of least resistance is still point downward. The strongest group of stocks (financials) seems to be also giving grown and losing their will to rise. As the US S&P500 failed to break its 50 day EMA reversing with a bearish engulfing candle and shooting right through the 50 day EMA. Seems the US has sneezed. We normally catch a flu.
rates still going higher Fed adding another 75 points.
The wedge is narrowing. and that's worries some.
rates still going higher Fed adding another 75 points.
The wedge is narrowing. and that's worries some.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.