$SPY TOP 20 UPDATE
Added 2023-03-09 20:57:28 +0000 UTCWe spoke yesterday that we wanted to see a bounce and get rejected trying to get back into the wedge but wow this has been a very strong rejection!! 390 has always been a pivotal market for me, break down from 390 next and the bears are cruising and in full control.....we are not surprised to see that the market is coming down however, Powell made it clear that the rates will need to be higher, this was not previously factored into the market, it will be shortly!!
Comments
It can not be ruled out, I expect the volatility to continue until CPI figures are released
Gareth Neary
2023-03-09 22:14:56 +0000 UTCDo you still expect the bounce up to C before the big drop off?
Wee J
2023-03-09 22:12:37 +0000 UTC
