Tuesday, October 31, 2023

SPX and NYA Updates: Five Nights of Fed-days, Starring Jerome "the Gnome" Powell

Not much to add to the past few updates.  SPX and NYA have both continued to bounce from their target/inflection zones.  A day late for Halloween, but today is still a Fed day nevertheless, and how the market reacts will probably determine whether a higher-degree bounce plays out now or not.


NYA has rallied to the lower end of the blue circle:

In conclusion, nothing really to add.  Trade safe.

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