MACD Looks ready to break the trend line from 2020 lows, also AMZN will be going back to 2020 lows which says the retail consumer is stopping spending and we are entering a recession. SPX should hit at least 3200 or 3000. I expect a bounce Monday and possible continued rally into Tuesday. After the FOMC meeting, market should start selling again.
The Fed is not interested in protecting stock prices, they will do more talk than actual rate increases to force the market lower and still have the margin to keep raising if inflation doesn't drop.
Edited by CLK, 30 April 2022 - 08:19 AM.