5600 Really needs to hold...

149
If this 5600 level breaks, I expect the decline to continue until may with support around 5400, 5200, and 5000 with 5200 being most likely.

The market was hoping for consistent messaging from the Fed, which it did not get. The data shows that inflation is accelerating in the face of job cuts which makes their job very difficult. The are not helping with their rhetoric that the data is 'transitory'. The market is not enjoying their 'vibe' driven analysis.

Volatility is bid for April and May, giving bears ammo for another leg lower.
vixcentral.com/

The measured move and several demand zones sit around 5200.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。