Markets are making more 52 week lows, which is not a good sign. Tomorrow is another day.
I’m Expecting short-term digestion and then markets will catch the rally (not sure on new highs), but there will be pockets of FOMO.
2023 remains unchanged as inflation will remain high and very present with plenty of new IRS laws, earnings cuts and significant swings in the S&P500 breaking new lows. Stay nimble!
Levels:
Upside: 11,610.50 & 11,722.25 & 11,785.50
Downside: 11,435.50 & 11,260.75 & 11,152.50
I’m Expecting short-term digestion and then markets will catch the rally (not sure on new highs), but there will be pockets of FOMO.
2023 remains unchanged as inflation will remain high and very present with plenty of new IRS laws, earnings cuts and significant swings in the S&P500 breaking new lows. Stay nimble!
Levels:
Upside: 11,610.50 & 11,722.25 & 11,785.50
Downside: 11,435.50 & 11,260.75 & 11,152.50