The market needs a good rest here for some days, this action
isn't normal at all, tougher because those major moving averages
are playing havoc, that gap above is firmly in place though and
bears have defended it for now.
Just came from Sam's Club, everything is up again, large
increases on water, food, coffee. The Fed will need to act much
more aggressively to get it under control. I think when they go to
address the balance sheet in May, it is going to get interesting
quick. Guess we will find out and I"ll respect the price action on
levels in both directions.
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SPX 5 min and I'm back
Posted by matt on 23rd of Mar 2022 at 01:30 pm
$SPX - Chart Link- just got back - looks like missed a shorting opportunity when I was gone, figured that might happen.
anyway targeting that open gap below short term
The market needs a good
Posted by fundamentalvalues on 23rd of Mar 2022 at 02:17 pm
The market needs a good rest here for some days, this action isn't normal at all, tougher because those major moving averages are playing havoc, that gap above is firmly in place though and bears have defended it for now.
Just came from Sam's Club, everything is up again, large increases on water, food, coffee. The Fed will need to act much more aggressively to get it under control. I think when they go to address the balance sheet in May, it is going to get interesting quick. Guess we will find out and I"ll respect the price action on levels in both directions.