Market Reversal Alert? HIGHER DEGREE CORRECTION

Michael Esther
03-06

$SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$ derisking before Jerome Powell (JPOW) testifies in front of congress on Wed and Thurs then this:

Mar 6: ADP Employment & Job Openings

Mar 8: Nonfarm payrolls & unemployment rate

Mar 12: CPI Mar 14: PPI

Mar 20: DDAY also known as FOMC Here take a look at seasonality

ImageImage

This is what is possible in March 2024: And this is an election year.. (Make sure you read these charts)

ImageImage

Market Tumbles: Pullback or Start of Reversal?
MAJOR United States indices ended on Tuesday (Mar 5) in a slump, as key tech names lost ground and traders looked ahead to remarks by the central bank chair later in the week. The tech-heavy Nasdaq lost 1.7%, with Apple, Microsoft and Tesla all retreating. ---------------------------- Is this only a small pullback, or the start of a reversal for the whole market? Are you bullish or bearish now?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
16