The orderly pullback following payroll announcement confirms
that Wall street prefers the Fed kills inflation quickly rather
than inflation killing consumer spending. Makes sense?
XLK holds weekly trendline break and 35 RSI and Stock above 50.
Now we wait for successful retest and rise to the 40 WK ma at 151..
That should be significant resistance. THEN WE RETEST THE
TRENDLINE AGAIN..
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The orderly pullback following payroll
Posted by mborder1 on 5th of Aug 2022 at 03:28 pm
The orderly pullback following payroll announcement confirms that Wall street prefers the Fed kills inflation quickly rather than inflation killing consumer spending. Makes sense?
XLK holds weekly trendline break and 35 RSI and Stock above 50. Now we wait for successful retest and rise to the 40 WK ma at 151.. That should be significant resistance. THEN WE RETEST THE TRENDLINE AGAIN..