Three Factors Impacting Stocks Today
Stocks made a run for highs with Fed Chair Jerome Powell's renomination yesterday. The S&P 500 briefly made new highs, but was quickly sold off, due to fears of a rate hike and a dimmer economic outlook in Europe. We have smashed through support at 4693, and are currently in the vacuum zone between 4649. The Kovach OBV is still pretty strong despite the selloff, suggesting an upside bias. If we find support at current levels, we must break 4693 again. If not, 4632 is the next level of support below.
Join my discord at discord.io/quantguy
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.