But right now with the s&p down 5 sitting on the 50 sma.
That doesn't tell us anything.
The market is kind of in Limbo right now.
Withe the 50 sma in an up tread.
But I believe what the nasdaq does tomorrow is really the most important signal right now.
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So many big tech earnings this week plus FOMC plus Q2 GDP. Big week. Feels like lots of volatility.
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My opinion because everybody has one is we run sideways into FOMC this rate hike I don’t think is priced in, and then GDP Thursday tanks it.
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