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Broader stock indices dodging a bearish bullet?
The broader stock indices are looking to dodge a big bearish technical bullet today.
The catalyst for the reversal back to the upside came after Fed's Bostic showed some tightening restraint in his comments. That has helped to bring a bid to the risk assets. In addition, the 10 year yield is also coming off its boil, although it still remains above 4.0% at 4.059%
Technically, earlier today, the S&P broke below its 200 day moving average at 3940.05 and moved closer to its rising 1... Read More
Posted: Mar 2 2023, 19:11
Author Name: forexlive
Views: 082226