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Ugly picture as the S&P 500 breaks the 200-day moving average and the March low
It's a waterfall in stock markets right now with the S&P 500 down a whopping 82 points, or 2%, to 3915.
Technically, this is an ugly one and exactly the kind of thing you would expect to see if non-farm payrolls was strong. The thing is, the report hasn't been released yet so you don't have the fundamentals to back up (admittedly) bad technicals.
So what's a trader to do?
Assuming even odds of a strong/weak jobs report, I think you buy the dip here. All the weak hands th... Read More
Posted: Mar 9 2023, 20:24
Author Name: forexlive
Views: 102516