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Today was Fed day. Markets did their normal back and forth activity before settling on "down" for the day.
The weekly close is what's important for the bulls to maintain the uptrend. If they fail and the bears take the ball, there are lower prices in the offing. Tomorrow will be important to see how market participants feel about the all important SPY $280.40 price tag.
Hosted on Acast. See acast.com/privacy for more information.
By David Frost5
55 ratings
Today was Fed day. Markets did their normal back and forth activity before settling on "down" for the day.
The weekly close is what's important for the bulls to maintain the uptrend. If they fail and the bears take the ball, there are lower prices in the offing. Tomorrow will be important to see how market participants feel about the all important SPY $280.40 price tag.
Hosted on Acast. See acast.com/privacy for more information.