Bear flags in mkt under pressure

23/3/2023 Market Diary
-Indexes reacted +ve to FOMC Summary of Economic Projection, possibility of a pause in rate hike ahead
-Sentiment shifted abruptly at live Q&A, Fed Chair acknowledged ongoing events inKBE$SPDR S&P Bank ETF(KBE)$grp not helpful
-Bear flags in mkt under pressure

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $Universal Insurance(UVE)$ $Expion360 Inc.(XPON)$ $Indie Semiconductor Inc.(INDI)$ $ProShares UltraPro Short Russell2000(SRTY)$

$Axcelis(ACLS)$ $Ambrx Biopharma Inc(AMAM)$ $Ardelyx(ARDX)$ $Arlo Technologies Inc.(ARLO)$ $Asana, Inc.(ASAN)$ $Assertio Holdings, Inc.(ASRT)$ $Asure(ASUR)$ $BioVie Inc(BIVI)$ $Desktop Metal Inc.(DM)$ $Eyenovia Inc.(EYEN)$ $Hepion Pharmaceuticals, Inc.(HEPA)$ $Hims & Hers Health Inc.(HIMS)$ $Harrow Health Inc(HROW)$ $Samsara, Inc.(IOT)$ $Iris Energy Ltd(IREN)$ $Jasper Therapeutics(JSPR)$ $Standard BioTools Inc.(LAB)$ $Direxion Daily Homebuilders & Supplies Bull 3X Shares(NAIL)$ $Opera(OPRA)$ $Reata Pharmaceuticals(RETA)$ $Roku Inc(ROKU)$ $SOBR SAFE INC.(SOBR)$ $Vertex, Inc.(VERX)$ $Waterdrop Inc.(WDH)$ $Expion360 Inc.(XPON)$ $FTSE China Bear 3X Shares(YANG)$ $Yext Inc.(YEXT)$the technical picture after FOMC

the % losses for the day may suggest a worse outcome than what is actually being observed

Treasury Sec Yellen's remark on government's preparation to intervene (again) from 21/3 saved the structure!$SPDR S&P Bank ETF(KBE)$ $SPDR S&P Regional Banking ETF(KRE)$ $Invesco S&P 500 Equal Weight ETF(RSP)$ $VanEck Oil Services ETF(OIH)$ 

The federal funds rate (FFR) has increased to 5% today, marking a 0.25% rise.
I want to acknowledge those who rely solely on investment and leveraged business income, as the road ahead may be challenging.
but we will overcome it.

https://twitter.com/jeffsuntrading/status/1638747481029890048