SPX - Powell changed his narrative on rate cuts, He came out and said he doesn't expect any rate cuts next month because economy is strong and inflation is starting to tick up again. Market started to decline due to new narrative because small businesses desperately needs rate cuts and cheaper loans.
Next resistance: 6,003 and 6,017
Next support: 5,773 followed by 5,640
Weekly Sentiment: Bearish
Next resistance: 6,003 and 6,017
Next support: 5,773 followed by 5,640
Weekly Sentiment: Bearish
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📰 Free Weekly Recap, Outlook & Watchlist → diywallst.substack.com/about
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Promo Code Diywallst
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.