$SPY TOP 20
Added 2023-03-22 19:56:46 +0000 UTCMarket is dropping now after Powells comments of tightening credit conditions from banks and he mentioned this a number of times.
Yes they can try and secure all deposits but this will not stop banks tightening up and reducing their risk, especially from banks who are already in a difficult situation.
From the chart, broke down from the ascending wedge, as it has with $NIO. Still more to do to confirm the next direction but if we consider the macro environment, it seems abundantly clear.
Comments
Hi Gar, can we have the buy zone in spy indicated in next spy update? 🙂
Huat
2023-03-23 01:11:41 +0000 UTC
