MichaelMF

MichaelMF Updated 

Obviously a lot of people missed that the Fed announcement about raising interest rates was today lol. $252.92 is the 52 week low. If we close beneath that, well you know what happens there. Bulls have RSI on the one day giving them a lift as we're clearly entering oversold territory. We should expect some movement to correct that in the coming days or weeks....

MichaelMF

Everyone has been focused of course on the "death cross". Obviously a more bearish indicator SPY will possibly see that in the next week. Right now the support around 264 is fairly strong and has prevented worse from occurring. MACD shows us that next week we will more than likely be seeing red as well. I am personally short on this position. I do expect that we...