$SPY recap for 3/8/23!
Choppy price action on day 2 of JPOW. Many were expecting the same action as yesterday, but in typical market fashion, it had many whipsaw fake-outs in both directions! That said, we are eyeing this weekly chart, because if it closes as a Bearish Engulfing candle, that will be yet another bearish sentiment as we look ahead.
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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.