$SPY TOP 20 UPDATE
Added 2023-05-10 16:56:31 +0000 UTCVery little to report here, inflation came in lower than expected but there was considerable lack of fanfare before this announcement as the attention moves away from inflation and the focus will be on whether we enter a recession and if we do, will it be mild or harsh.
As we can see, even though inflation came in lower than expected, the rally at the opening has completely bled off and the market is now flat.
On the chart, the 200 Day MA is still holding this up, a direction is still not clear either and I would be advising against making any big judgements until a direction is clearer.
