xnicx
2023-03-23

👌
@Asphen：
Powell has shown the path! FOMC aftermath! - Market priced in 0.25; Powell delivered! - Market pricing in 4 rate cuts this year; Powell declined!! - MA5/MA20 was due to cross but the outcome has now shown quite clearly the way forth - Broken down below MA20/MA5; Found temporary support at 392; - Likely to break further down; Support is at 388 and 385 then 380. Key significance - A failed attempt to cross MA5/MA20 and coupled with a clear MA20 rejection could spell another leg down - Thursday 23 Mar, if MA20 rejects, and MA5 do not hold, I will be prepared for another leg down, possibly to 388/385/380 and quite extreme case 373. - My take is 385/386 is quite a stronghold and I will not go super bearish until that breaks Watch for dead cat bounce tonight and then another dump! Powell really "powered" the market last night! @TigerStars @CaptainTiger @Deposit @LMSunshine @melson $SPY(SPY)$
Powell has shown the path! FOMC aftermath! - Market priced in 0.25; Powell delivered! - Market pricing in 4 rate cuts this year; Powell declined!! - MA5/MA20 was due to cross but the outcome has now shown quite clearly the way forth - Broken down below MA20/MA5; Found temporary support at 392; - Likely to break further down; Support is at 388 and 385 then 380. Key significance - A failed attempt to cross MA5/MA20 and coupled with a clear MA20 rejection could spell another leg down - Thursday 23 Mar, if MA20 rejects, and MA5 do not hold, I will be prepared for another leg down, possibly to 388/385/380 and quite extreme case 373. - My take is 385/386 is quite a stronghold and I will not go super bearish until that breaks Watch for dead cat bounce tonight and then another dump! Powell really "powered" the market last night! @TigerStars @CaptainTiger @Deposit @LMSunshine @melson $SPY(SPY)$

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