SPX-End to a wild week...

Do_Trading
2022-10-15

After the equity market soared with little explanation, reversal this Friday with only a little more reason...or panic...

Yet the day seemed set to continue rising towards key levels...3700 on $S&P 500(.SPX)$ 

The market seemed to want to follow the optimism of the rather decent early earnings reports from the biggest US banks. $JPMorgan Chase(JPM)$ and $Citigroup(C)$ released better than expected results...

Optimism soon faded, after the University of Michigan released its latest consumer sentiment report...showing that one-year inflation expectations rose slightly to 5.1%...

The Federal Reserve would be particularly concerned about inflation taking hold of consumers' minds, triggering a continuous cycle of rising prices...

FED'S GEORGE: UNTIL WE SEE INFLATION TURNING AROUND WE WILL CONTINUE TO BE ON TIGHTENING PATH"

Over the next few days, investors may well be torn between lingering inflation concerns and on the other hand, they will find it hard to ignore corporate results over the coming week...

In the current context, prepare for more volatility...

Below, here SPX level -No buy/sell advise, for information

Low: 3400 - 3500

High: 3650-3700-3890

Thanks for reading

@Do_Trading twitter for updates

@TigerStars 

Modify on 2022-10-17 15:21

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.

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Comment（164）

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  • Andie8392
    ·2022-10-16
    thanks for sharing .. good post.
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  • DannDann
    ·2022-10-17
    Excellent sharing. Well said. Thumbs up like 👍🏻👍🤩
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  • Woobenny
    ·2022-10-17
    Generally equities seem to be doing well in the last quarter. But yeah who knows what’s going to happen this time 😅
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  • GerryLoh
    ·2022-10-17
    good sharing thanks
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  • BossApal
    ·2022-10-17
    Good info
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  • TKPK
    ·2022-10-16
    thanks for sharing
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  • BossBoss
    ·2022-10-17
    Thanks for sharing
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  • _dachad
    ·2022-10-17
    fake rally had me bidding higher than I wanted too
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  • Jiaok
    ·2022-10-17
    thanks for sharing
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  • JackBLSH
    ·2022-10-17
    good information
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    • ycwoo: 
      k
      2022-10-17
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  • LesterTan
    ·2022-10-17
    Hope to rally at year’s end
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  • RobinChanKH
    ·2022-10-16
    yeah so wild indeed
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  • maricel
    ·2022-10-17
    [Cry] [Cry] [Cry]
    Reply
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  • Wei Yang Tay
    ·2022-10-17
    Crazy markets everyday
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  • gthum2005
    ·2022-10-20
    Ok
    Reply
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  • Residue
    ·2022-10-18
    👍🏻
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  • Nelson_6920
    ·2022-10-18
    [微笑]
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  • Hunter88
    ·2022-10-18
    Pls like
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  • 建稳的朋友
    ·2022-10-18
    🙏🙏
    Reply
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  • Newnew
    ·2022-10-18
    Hi
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