Good start to November
November was off to a good start so far. Treasury yields have fallen / stabilised a little bit, which is a good catalyst for the stock market. Powell paused his rate hike campaign and sounded a little dovish (personal opinion).
Technical wise, SPY had reclaimed key levels - that’s a good sign. As long as it doesn’t lose those levels, we could be in for a good November
PS: this is not a prediction that Nov will be a green month. Watch the key levels, and watch my videos haha
Side note, I don’t quite like the gap up for SPY we had yesterday. Side side note, today’s jobs data could still ruin things a little bit.
Technical wise, SPY had reclaimed key levels - that’s a good sign. As long as it doesn’t lose those levels, we could be in for a good November
PS: this is not a prediction that Nov will be a green month. Watch the key levels, and watch my videos haha
Side note, I don’t quite like the gap up for SPY we had yesterday. Side side note, today’s jobs data could still ruin things a little bit.
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