Asphen
2023-09-28

Key notes for all

The break of key support at 434/435 was made by the market makers to bring it down with a gap. 

So far, the selling has been manipulated with consistent selling with controlled buying also. 

It could be a big bear trap should indicators start to point positively, e.g. govt shutdown averted, PCE, GDP, etc

It might even short squeeze. 


So note movement thursday

note powell speech reaction on thursday

note PCE reaction friday

last night's move after 2am Singapore time was a good indication of what is possible.

But, pls be mindful that I am not saying it cannot still want to form the lower high and then go down to 400 and below 400

@Deposit  @melson  @CaptainTiger  @LMSunshine  @TigerStars  @macroB  

$SPY(SPY)$ 

More dip after SPX falls below 4300?
S&P 500 closed at 4273.53, below the key support level of 4300; Nasdaq fell below 13100 yesterday. With two key indices falling below the support level, market begins to speculate for more declines. -------- Will the indices rebound? Or more declines ahead?
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Comments

  • macroB
    2023-09-28
    macroB
    Great observation, thanks for sharing! that volatility was WILD after 2. will we get another today? 👀
  • HardyJenny
    2023-09-28
    HardyJenny

    I see Futures are up nicely at the moment up up & away

  • PaulaBaldwin
    2023-09-28
    PaulaBaldwin

    Fewtchas lower. RATES - HIGHER FOR l O N G E R

  • ColinThorndike
    2023-09-28
    ColinThorndike

    Best Buy is today indeed

  • melson
    2023-09-28
    melson
    octobre !
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