SPX is still respecting the downward trend. Bouncing off the lower trend line but never breaking below or above. I anticipate this continuing until the Sith Lord (Powell) speaks on whether or not rates go up.
Should be another rocky week unless another bank folds.
My prediction...
Long for the week
Friday premiums get burned to bring us back down over the weekend while we wait for Powell
Remember...Only The Market Knows What Will Happen
Should be another rocky week unless another bank folds.
My prediction...
Long for the week
Friday premiums get burned to bring us back down over the weekend while we wait for Powell
Remember...Only The Market Knows What Will Happen