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re: Whats the next event that could send the markets back down to the 3500 level or lower??
Posted on 12/7/22 at 6:42 am to JimMorrison
Posted on 12/7/22 at 6:42 am to JimMorrison
quote:
Looking forward to the fade and turn lower on the indexes
Indexes have given up all gains during the fake Powell pump. If you are one to analyze charts, the prices are near breaking support lines from the November CPI print. If it breaks down, there is a big gap to fill from that event.
If indexes become oversold before next week's CPI and FOMC, it may be more probable to pump on next week's news, but it will be short-lived since January is around the corner.
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