Next Measures For SPX
The SPX saw its biggest down day of the month. Is this normal? Is there more to come, and what might be our next targets? All of that in tonight’s video review.
The SPX saw its biggest down day of the month. Is this normal? Is there more to come, and what might be our next targets? All of that in tonight’s video review.
Even with NVDA opening up, there were so many negative divergences that we shorted everything after the opening.
In this video, we discuss the bullish market action over the past several weeks and today’s big swings. The last big tech stock to report this quarter is the Mag 7 Crown Jewel, NVDA, which reported today after the close. So far it looks like a nice beat and raise along with announcing a 10:1 stock split. We did not get the “Sell in May and Go Away” this year, so what comes next? We look for clues on the Economic calendar and have CPI, PPI, and the next FED meeting coming up in June.
What is in play, and what are the opportunities as traders await more insight into monetary policy.