Know your sectors...thread:
$SNOW recovering fast.I had a feeling they'd drop also. Let it base and ride it back up.
Most of the market shot up once Powell spoke. Something in his comments the market apparently enjoyed
The market has always popped up after Powell spoke. If we get strong follow through with good volume then I think we’ll get a strong rally going.
Yeah. Lots of resistance. I personally don’t think it will break the trend but I always trade the tape so don’t really matter to me.As I mentioned on Sunday, $410/$411 on $SPY will be a break of the downtrend from January. We'll be off to the races if it does.
stock whisperer, when is LKNCY gonna break $20? it keeps hitting resistance thereYeah. Lots of resistance. I personally don’t think it will break the trend but I always trade the tape so don’t really matter to me.
does it? i always remember the market running up then selling off the day after his speech.Actually usually the market tanks after Powell has recently spoken. That's why there was such a big move yesterday, his comments were surprising.