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This NFP Is Likley to Keep the Fed Remaining Hawkish


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#21 redfoliage2

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Posted 13 June 2024 - 02:15 PM

I'd expect more profit taking to reset the overbought conditions.   At this point bounces are more likely to be sold........................


Edited by redfoliage2, 13 June 2024 - 02:18 PM.


#22 redfoliage2

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Posted 14 June 2024 - 09:00 AM

I'd expect more profit taking to reset the overbought conditions.   At this point bounces are more likely to be sold........................

The market is still in over-bought conditions while the market internals deteriorating ...........................


Edited by redfoliage2, 14 June 2024 - 09:06 AM.


#23 redfoliage2

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Posted 14 June 2024 - 09:31 AM

 

I'd expect more profit taking to reset the overbought conditions.   At this point bounces are more likely to be sold........................

The market is still in over-bought conditions while the market internals deteriorating ...........................

 

BTW, I see SPX 5400 likely to be tested today or early next week, and let's see if it can hold or not .....................