Set Up for next week: Heightened geo-political tension & S&P technicals
Breaking news of drone attacks by Iran on Israel following Friday's fall at the start of earnings season is the setting up next week's reading scene. With the prospect of less and less rate cuts compounded by heightened geo political tensions, market is increasingly nervous. This can be seen by the sudden spike in Vix on Friday ( second chart). Furthermore on a technical basis the S&P has broken out of its channel (3rd chart). All these doesn't set up well for the S&P to get beck into its support channel. We need a stellar report from Netflix or Fed officials coming out with more soothing messages on rate cuts. Stay very cautious
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- DominicBeck·04-15🤔 Let's hope for some good news from Netflix or the Fed to calm the nerves.LikeReport
- pcwSg·04-15[Like] [Like] [Like]LikeReport